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September 14, 2017 09:14 am PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/a_CKzzhYNz8/platform-socialism.html
Chinese economists say Big Data can replace markets in planned economies
In a paper in the World Review of Political Economy, economists from Sichuan University propose a model for an efficient planned economy that uses a hybrid of managed, two-sided "platform" markets (modeled on Ebay, Alibaba and various app stores) and central planning informed by machine learning and big data to fairly and efficiently regulate production in a system in which all substantial assets are owned by the state. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/a_CKzzhYNz8/platform-socialism.html
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