[lbo-talk] IT innovation and "the Markets"

SA s11131978 at gmail.com
Thu Mar 5 21:09:56 PST 2009


Miles Jackson wrote:


>> Production with division of labor can be either planned or unplanned.
>> Those are the only two options. If it's unplanned it's a market. If
>> all production is planned, it's central planning - no matter how
>> decentralized, democratic or participatory the decision-making
>> process is. Even Michael Albert's Parecon is central planning -
>> there's a single, central plan.
> Umm--are you arguing that multinational corporations don't do "central
> planning"? Really?

Yes, I am saying that.

Multinational corporations don't do central planning; they don't plan whole economies. If a corporation planned a whole economy, it wouldn't be a corporation anymore, it would be a central planning ministry.

If you get hung up on the term central planning, fine - just use the term integral planning, which is maybe more precise. But it doesn't matter what you call it: When corporations plan, they have the advantage of being able to plan based on market prices. If the R&D director of a corporation can't convince the CEO to fund his brilliant idea (or his shitty idea), he can leave and try to get someone else to fund it. This is not central planning/integral planning.

SA



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