Even free-marketeers accepted central planning for nuclear defense

Evidence

America was transitioning from its War Economy to the realities of the Cold War. Even the most ardent free-marketeers understood that planning for a nuclear confrontation with the Soviet Union was too important to be left to market forces. As the nuclear arms race gathered pace, the Pentagon chose centrally to finance the design and construction of a network of decentralised computers. β€” Yanis Varoufakis, Technofeudalism, 285

Categorization

  • CANDY: The neat irony that the internet β€” now the market’s instrument β€” was born from central planning that even free-marketeers accepted.
  • corroborated: 2 independent passages support this claim β€” Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 285
  • XREF: connects to: US wartime capitalism was run on Soviet-style central planning

Broader Connections