Capitalist economies are miles ahead

All empirical studies by Zechariah, Sraffa, Farjoun and Machover, Cockshott and Cotrell show that labor value clusters around market prices more accurately than production price theory

As shown by today and the past

Of course you wouldn't understand what the LTV is

Not atall

I do

it's just dumb

lol

Because it's completely illogical

Then you could understand the quantum math behind it and the difference in productive and unproductive sectors

I remember an explanation going around about profit, i cant remember what it was about but it did go in the face of libertarian economics to some degree

And explain it to me

It's more of the fact that it doesn't allocate resources properly

Making profit =/= capitalist \

Project Cybersyn allocated resources perfectly

Capitalism's primary existence is on profit

In Chile?

you do realise the socialist period of Chile fucked the economy

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On the contrary capitalist and CIA sabotage of markets destroyed the ability to distribute consumer goods through them and the national distribution project Cybersyn was organized for had to be used

Ah theres always an excuse isn't there

(ignores how the system is completely inefficent)

Repeating yourself is not very economically literate for you

LTV views value as something as objective instead of subjective

Completely a childs view of economics

I'm waiting on how you'll tell me vertically integrated labor coefficients in Hilbert spaces to measure commodity exchange isn't more accurate of correlation than capital heavy ratios

As a conventional capitalist economist would claim

This is interesting

Because as shown throughout history and today. Socialist economies are completely inefficient at allocating resources. It disregards the laws of supply and demand . The value of what you produce can only be determined rationally via consumer demand, leaving it to the free market for consumers to freely determine what they want and don't want, without this information you are left with guess-work, it would result in neglect of a large group of people over another, as well as surplus waste as you would not know how much to produce, never mind all the available options of every product available out there on the market. Not only does a central planner require the knowledge of every single product out there on the market, of all the various different options of each and every single product, it requires the knowledge into how such goods are produced, the knowledge problem leads to information overload even for the simplest of produce.

Supply and demand curves are nonoperational and not a law, Paul Cockshott exposes the Samuelson lie

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Extremely illiteracy

they are law

just like the laws of physics

you can't go against them

The laws of thermodynamics work against a market economy

Ironic for you to talk about them

......

What on earth does that have to do with a market economy

LOL?