This is generally not true, the Economic Calculation Problem is a made-up excuse, same with the idea that 50% of the USSR’s economy would be dedicated to planning. Administration and planning is important, but it isn’t the kind of thing that overwhelms the economy. Megacorporations like Walmart and Amazon already employ economic planning over price signals to great effect, and socialist economies are still rapidly advancing, especially China, even though it relies heavily on central planning.
Corruption happens in capitalism, too, it isn’t something especially worse in socialism.
This is generally not true, the Economic Calculation Problem is a made-up excuse, same with the idea that 50% of the USSR’s economy would be dedicated to planning. Administration and planning is important, but it isn’t the kind of thing that overwhelms the economy. Megacorporations like Walmart and Amazon already employ economic planning over price signals to great effect, and socialist economies are still rapidly advancing, especially China, even though it relies heavily on central planning.
Corruption happens in capitalism, too, it isn’t something especially worse in socialism.