It isn't enough to observe empirically how laissez-faire has increased living standards to the extent that it is permitted. It is also necessary to describe the impossibility of central planning due to the Economic Calculation Problem.
We must also observe that opponents to laissez-faire liberalizations are by definition proponents of illiberal central planning.
Yes, vaguely liberalized economies have had problems. It doesn't follow that the problems of these vaguely liberalized economies are exclusively the result of liberalization. HN will harp on cherry picked citations. A common theme will be judging events in the distant past by the standards of the present.
The alternative is not a utopia, it is a relatively less free and more centrally planned economy. The failure mode of these centralized systems is more catastrophic, results in less opportunity and less productivity.
https://en.wikipedia.org/wiki/Economic_calculation_problem
https://en.wikipedia.org/wiki/Nirvana_fallacy
AI is a technology to be used to improve the human condition. The laissez-faire system, to the extent that we allow it, is the decentralized way to allocate resources to serve humanity.
We must also observe that opponents to laissez-faire liberalizations are by definition proponents of illiberal central planning.
Yes, vaguely liberalized economies have had problems. It doesn't follow that the problems of these vaguely liberalized economies are exclusively the result of liberalization. HN will harp on cherry picked citations. A common theme will be judging events in the distant past by the standards of the present.
The alternative is not a utopia, it is a relatively less free and more centrally planned economy. The failure mode of these centralized systems is more catastrophic, results in less opportunity and less productivity.
https://en.wikipedia.org/wiki/Economic_calculation_problem
https://en.wikipedia.org/wiki/Nirvana_fallacy
AI is a technology to be used to improve the human condition. The laissez-faire system, to the extent that we allow it, is the decentralized way to allocate resources to serve humanity.