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He, I have been thinking along similar lines, but more adapted to the fall of the Soviet Union. One of the oft-mentioned reasons for the collapse, was the downfall of central planning.

As it grew, it became more complex, making it harder for anyone to have an over-view. As rewards were coupled to delivering the right numbers, the right numbers were delivered from the units of production, without them properly representing any actual increase in production or quality. Central command was then left with a lot of faulty signals. Adding to this, environmental and social problems grew and was not captured at all in the numbers delivered to central command, except when tipping ecological or social balances to the point of dramatically disturbing the numbers reported.

I think the resemblance with our current crises is striking. The monetary systems signals are fudged by the banks funny money, the planned economies are run for the glory of the CEO, and ecological disasters are counted as net gains by causing a higher price-tag on remaining resources.

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by A swedish kind of death on Fri Oct 15th, 2010 at 11:49:41 AM EST
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