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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (760560)	1/1/2014 2:36:37 PM
From: TimF	Respond to of 1576179

You can't and shouldn't try to exert control over most of the activities of millions of people. Its not just wrong, its also impractical. That's esp. true when you get to what Hayek was talking about. He wasn't talking about regulation of specific hazards, or generating public goods. He was talking about trying to (at least partially) dispense with the market and the information and incentives it conveys, and relying on complex calculations to try to plan the economy from the center. That type of control simply can not be done well, and even to attempt it is totalitarian. Something like weather and climate is hard to predict accurately because its so complex. It would be even harder to control it. But weather patterns, while extremely complex, don't have their own opinions and agendas and desires. Trying to control an economy is massively more complex then trying to control the weather because people have their own thoughts and emotions, their agendas differ from that of the would be controllers, and are often unknown to those who would seek to impose control.