Business UK
“Economic Calculation Problem”: The Worst Argument Against Socialism
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Hi there! Still on break, but here’s a highly requested topic that I’m finally getting around to covering. Tl;dr? It’s a non-issue, and has been for like 50 years. Anyone even remotely knowledgeable about the ECP would know that it isn’t a good argument against Socialism. Sources and further reading in the pinned comment.
00:00 Introduction
00:36 Chapter 1: What is the ECP?
03:09 Chapter 1.5: Why Even Bother Discussing This?
05:24 Chapter 2: The Failures of the Market
09:26 Chapter 3: Planning Under Capitalism
11:35 Chapter 4: Planning Under Socialism (and “Inefficiency”)
16:54 Chapter 5: The Future of Planning (in Light of the Past)
19:30 Chapter 6: The Failure of “Argumentum ad ECP-um”
25:50 Chapter 7: Market Socialism as a Solution?
27:23 Conclusion
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Business UK
US launches ‘operation ECONOMIC FURY’ as Iran threatens Red Sea blockade after Hormuz escalation
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GB News host Eamonn Holmes launched a scathing attack on the US President, slamming him as ‘mental and deranged’ after Trump revealed controversial plans to acquire Greenland.
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Business UK
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Calls continue to grow for the Chancellor to slash fuel duty to help drivers at the pump as petrol and diesel prices continue to grow. Reform UK has reignited calls for the Government to urgently act to slash fuel prices by cutting VAT on petrol and diesel with emergency measures.
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Business UK
LABOUR EXPOSED: Party ‘CAN’T FIND’ candidates as Reform UK and Greens SURGE ahead of local elections
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