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"[B]eneath the threadbare cliché of the maxim that socialism is 'fine in theory, but impossible in practice,' there in fact lie claims about economic planning, and about how to calculate an egalitarian distribution of goods and services without need for markets. ... Walmart ... offer[s] powerful encouragement to the socialist hypothesis that a planned economy—this time democratically coordinated by ordinary working people, rather than by bureaucrats or bosses—is not merely feasible, but more efficient than the market."

In our last episode, we touched on issues of economic planning and the "socialist calculation debate". Let's follow up by exploring some ideas brought up in the 2019 book "The People's Republic of Walmart" by Phillips and Rozworski (which longtime Fellow Travelers may recall from our "Project CyberSyn" event).

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