435
submitted 11 months ago by floofloof@lemmy.ca to c/technology@lemmy.world
you are viewing a single comment's thread
view the rest of the comments
[-] trashgirlfriend@lemmy.world 2 points 11 months ago

They were not communist economies by any realistic definition

[-] c0mbatbag3l@lemmy.world 1 points 11 months ago

It doesn't matter, even a fully actualized public owned economy still requires that it estimate and compare production and capital increase so it knows 1. How much to alot for each citizen in the daily/weekly/monthly UBI, and 2. How to compare its production capacity and volume of capital to other countries who may or may not also be collectivist.

Both of these needs require the exact understanding of production increase so that it can accurately estimate the capital (capital in this sense being the amount of wealth set aside specifically for the increase in production capacity/efficiency) that allows the economy to grow. Thus they can take that information and increase the amount of dollars available to the country or it's citizens for use or trade with other nations.

this post was submitted on 21 Jan 2024
435 points (98.0% liked)

Technology

60148 readers
3580 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS