Vivek Chibber is one of the most influential nominally socialist writers in the US. He is one of the founders of Catalyst, a theory journal of Jacobin. Here is an interview (or "interview", as the other person sounds more sycophantic than ChatGPT and just agrees with everything) where Chibber argues against central planning, doing the usual sleight of hand of equating decentralized with market mechanisms:
https://jacobin.com/2026/05/central-planning-soviet-union-socialismActual quote by him from that:
<Normally in capitalism, what do managers do? They want to make profits. The way to make a profit is by trying to sell, at the lowest price possible, the best-quality good that you can.This is false. The goal in capitalism is to maximize profits, which is very different from trying to maximize output while breaking even.
<That planner has to get everybody else to follow his directions because it only works if they listen to what he is saying.He talks of "the central planner" as if that were a single person.
<When you start with saying, “We need so much steel,” in order to make that steel, you have to know everything that goes into making steel. And it’s all integrated. In order to have all those things go into the steel, you have to ask, “Well, how many blast furnaces do we need?” For the blast furnaces, you have to ask, “How much coal do we need?” For the steel to be made, you have to ask, “Okay, once all that steel is made, where’s it going to go? Who’s going to use it?” Trains, automobiles, and so on.
<In economics, these are called complementarities or linkages. Everything is linked. If you screw up one of those links, it radiates all across the economy. So you have to be able to handle complexity at a level that just boggles the mind.In economics, complementary goods are goods that go well together with other goods, the opposite case of competition. E. g. If you are got a stand selling pretzels and Coke and you make the pretzel cheaper, demand for your Coke goes up. Anyway, the connections that Chibber speaks of are very much visible in the input-output tables of a planned economy. This is a
strength of the planned economy.
<As it happens in the Soviet Union, everything went wrong all the time.🙄
<Because of the uncertainty and the possibility of breakdown in the provision of inputs, manpower, things like that, managers have an incentive to lie when they give the information to the planners.The same issue exists between departments of all but the very smallest companies.
<In a planned system, when the needed inputs, raw materials that every enterprise needs are not forthcoming, planners cannot be shielded from the responsibility of that enterprise or workplace not delivering and coming through. That means planners are in a difficult situation where they can’t come and say, “I’m going to let you fail.” Because now in that region, every worker, and every worker in connected enterprises who will suffer from yours being shut down is going to turn around and get really angry at that planner, at the planning bodies, and so on. You could have a constant civil war going on.
<So for the planner, it’s easier to say, “Look, just do better next time. I’m not going to let you go under.” This is called a soft budget constraint.it seems to not occur to Chibber that it is possible to punish a specific manager without taking apart the factory he managed.
He argues for market socialism because:
<Centrally planned economies were built not to have slack.But are the concepts of
central planning and
having no slack actually connected by logical necessity, one leading to the other? The answer is no. This
felt connection is a very important "argument" for him, he drones on and on about it.
Chibber finishes with this:
<If we’re actually serious about changing the world, people on the Left, Marxist or non-Marxist, but people who are actually trying to fight for socialism, should be the most remorseless and the most merciless when it comes to facts. Unfortunately, we’re a long way from that right now.I fully agree with that at least.
…
Cockshott just made a response video to Chibber, gonna watch it now.