ECONOMICS AND DATA SCIENCE

Secret of Capitalism’s Success from Data Science’s Perspective

Why distributed is better than centralized

Sukhayl Niyazov
Oct 19, 2019 · 4 min read

CAPITALISM AS A SYSTEM WITH DISPERSED DECISION-MAKING

According to Yuval Harari, capitalism employs distributed data processing, whereas communism — centralized. He writes that

Photo by Aditya Vyas on Unsplash

THE OTHER SIDE OF THE SPECTRUM

In the most extreme case, the communist data-processing system, all profits are in the hands of the state, which alone processes data and makes decisions based — how much should a factory produce, what the price of shoes should be, etc. In essence, in centralized systems, the entire economic life is controlled and regulated by the government.

Data Driven Investor

from confusion to clarity not insanity

Sukhayl Niyazov

Written by

Independent author. Published in Global Policy, Towards Data Science, Human Events, Areo Magazine. https://www.linkedin.com/in/sukhayl-niyazov/

Data Driven Investor

from confusion to clarity not insanity

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