i think markets do provide signals about local preferences and efficencies that centralized economies lose. personally i think socialism > comunism because of that, in which the workers own the factories but markets still operate on competition;
i am also open to something like georgism which is capitalism but all rent-seeking activities are 100% taxed and give back in form of services and UBI to the population
Markets are not a function of capitalism; feudalism, mercantilism, etc. all had markets. There would be and have been markets in communist governments. Marx himself held the same sentiment about markets being effective for similar reasons you listed.
i think markets do provide signals about local preferences and efficencies that centralized economies lose. personally i think socialism > comunism because of that, in which the workers own the factories but markets still operate on competition;
i am also open to something like georgism which is capitalism but all rent-seeking activities are 100% taxed and give back in form of services and UBI to the population
Markets are not a function of capitalism; feudalism, mercantilism, etc. all had markets. There would be and have been markets in communist governments. Marx himself held the same sentiment about markets being effective for similar reasons you listed.