Lumifer comments on On Walmart, And Who Bears Responsibility For the Poor - LessWrong

13 Post author: ChrisHallquist 27 November 2013 05:08AM

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Comment author: Lumifer 03 December 2013 03:44:16AM *  1 point [-]

I mean organization of the MoP such that they respond to market information, i.e. supply and demand.

Well, that's the crux of the issue, isn't it? How can you organize the means of production so that they will respond to market information without going capitalist?

China, provides an excellent example of what seems to me to be just about the worst of all of those options.

That's an interesting opinion. It's interesting because China's last 20 years represent a colossal success. This "worst of all" system pulled out of poverty many many more people than all the Western charities put together. The Chinese are MUCH better off now than 20 years ago -- thanks to this "the worst" system.

the problem of public ownership being allocated undemocratically

I don't understand -- what is allocation (democratic or not) of public ownership?