A Look Back At Chile’s Cybersyn

A look back at a post from 2008. I was reminded of it by a brief mention on this week’s episode of EconTalk. (pic via Wiki)

They could have saved everyone a great deal of money, time, and effort if they had just read some Hayek.

Are you using the right socialist software? – The Pretense of Knowledge: “This is fascinating, I’d never heard of it before yesterday. The Chilean govt. created a large computer system circa 1970 that they believed would allow them to control the economy perfectly. Perhaps the ultimate implementation of socialist planning? It’s kind of like something you would see Dr. Evil or a diabolical James Bond villain have in his hidden lair.”