China's communist gov killed children for a generation. if the chinese people tolerated THIS they will certainly tolerate an aburpt cease to all capitalistic activities

Well, until we get an ultra efficient AI on the top of the chain.

Even then, that AI would need data points delivered in real time from literally every citizen and business in the nation.

That genocide won't be from starvation, though.

It's a western fallacy to beleive Chinese would 'revolt' in the event the Communist gov put the E-brake on their economy in order to hurt the West

China only works because they're a mercantilist autocracy, which is communist in name only. If they were actually communist in practice they wouldn't be such a threat.

Yeah, and we've an infrastructure that does just that, Scale.

strongly disagree, arthur

that is what the communist gov WANTS you to beleive

Well, the saturation of those data points is *most* individuals *most* of the time.

Chyyyynar

You can’t substitute 327 million free thinking individuals responding to supply and demand... with a computer.

Which would be enough to feed an AI.

Can't is a mighty strong word.

the reality is a compartmentalized system; on one side the elite allowed to practice capitalism as long as they behave and trade as instructed and on the other side over a billion peasants

If you can nerve staple everyone and hook their brain up to the AI... maybe?

Exactly. Mercantilist.

not merchantilist

East India Company was super large, took over an entire country, still had to answer to the crown.

they don't get to keep their money

they only get to keep the property

there is a BIG difference

See, now you're thinking on the proper level of conspiracy.

members of the supreme soviet also had nice property

How much should a loaf of bread cost?

How much does it cost to produce?

Nope

https://twitter.com/britainelects/status/1176974846938497024?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1176974846938497024&ref_url=https%3A%2F%2Fwww.redditmedia.com%2Fmediaembed%2Fd9a0uc%3Fresponsive%3Dtrue%26is_nightmode%3Dtrue

Some good shit

who dictates 'should'?

The answer is “As much as the customer is willing to pay.”

what dictates 'should'

which means if i manipulate the customer, i manipulate the cost

seems there is a massive hole in your argument

There is no AI. No system, nothing, that can calculate that.
It happens organically. Via market forces.

This is why socialism always fails.

in theory, yes. but modern trading bots can ALREADY create market changes that look like authentic trends

supply and demand haven't been the primary input variables for quite some time

Socialism is just laziness

a market manipulated by an elite few for their benefit shows little difference to a top-down economy

The question was the practical one. And the cost of production *should* play into the hamfisted answer provided.