In my opinion, cyber-communism still has the same problems as Soviet planning, i.e. problems in relation to prices, due to the idea of currency based on time worked, or money given based on this, which reminds me a lot of the energy accounting of 20th century technocrats.
There would be two possible failures:
The first is that if the state sets prices for acquiring products based on supposedly objective costs, this can again cause prices not to adjust to scarcity, and added to the fact that wages are fixed to work, the fact that this is totally arbitrary based on time, can cause it not to reflect the exact quantity of what is produced. I know that linear programming and other mathematical methods can be used, however, we still do not guarantee the dilemma of scarcity, since prices are information mechanisms. This would only work in an economy that pays in kind.
Demand, although it would be democratically determined by the people, generating real demand data, there being again no dynamic price system, there could be shortages, because regardless of demand, the famous objective costs based on labor time, or objective costs of production, are not really based on the flexibility of market prices, and it is quite limiting. Who assures us that such a supposedly objective cost is not flawed or does not cover the complexity of a flexible system?
I am absolutely skeptical that a calculation based on objective costs that is derived from the currency of labor time can coordinate the dilemma of scarcity and determine prices reliably. All this would be nothing more than another elaborate way of setting prices, which would cause the problems I point out throughout the essay.
Example: If a critical resource like lithium for batteries becomes scarcer, the time-based target cost or supposed objective costs may fail to set the price, since it is likely that it will not adjust to the scarcity, unlike the supply and demand curve, where a good when its inputs increase in price occurs due to scarcity, and its price tends to offset the production costs of those same inputs, for example, labor, capital inputs, land, etc. That is to say that when a good or raw material becomes scarce for whatever reason, then producers raise prices, because they cannot sell the same quantity of goods at the previous price, since that would generate scarcity in the consumer, and there is nothing left but to raise prices to recover the investment, it is
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