“This time will be different!” announce the proponents. Watch now, class, as the economic calculation problem works out as predicted in yet another instance.
The majority of New Mexico is either not employed or only barely employed enough to count towards employment participation. The states employment participation rate is like 58%.
Without making any judgement on whether the economic calculation is "efficient" or not, it's not really something the majority of voters have to worry about as it's essentially entirely OPM to get the votes to get there.
markets have criticism too. this is why we have nothing, neither roads nor businesses, and are currently hallucinating this conversation while scratching at the ground with sticks.
do we really need to point to how badly private healthcare has been working?
Well, for the next century we'll keep pretending kids don't matter. We've done it for the past 50 years, already. Let's see how far that gets us as a species.
https://en.wikipedia.org/wiki/Economic_calculation_problem