Dr James Hanley, has addressed the issue which is one of the many points destroying planned socialist economies, whether advances in AI can overcome the vast problem of planning. Modern socialists have put their hopes that there could be a revision of USSR and Maoist planned economies as the increased computing power, say from quantum computers, might get over past hurdles. But, the problem, as he details, is not one of calculation, but of ascertaining the original data in the first place. As he says, this is a logical problem, that must ultimately sink socialist planed economies: “The Machines cannot solve the calculation problem because the real problem for central planning is not calculating existing data, but getting the data to calculate. As economist Michael Munger recently wrote, there’s not a calculation problem, but a data generation problem. The calculations are supposed to direct economic activity, but the necessary data, which reveal the values of differing uses for resources, do not come into existence except as a consequence of that economic activity.” The data of consumer preferences is fragmentary, and changing, and is not something that can be rigidly planned for. It needs the fast responses of a genuine free market.
https://www.aier.org/article/can-artificial-intelligence-solve-the-socialist-calculation-problem/