The new economy, represented by the digital economy, is a bright spot in China's economic development in the past few years, and it is also an important force for the next step in promoting quality change, efficiency change, and power change. In recent years, on the one hand, the new economy has reconstructed the supply structure on the one hand, and it has brought revolutionary influence on all aspects of production, which has forced some reforms on the supply side. For example, some innovations currently represented by new retailing have greatly optimized the traditional supply chain, and their efficiency far outweighs the traditional supply chain. On the other hand, it also brought new demands. The non-existent needs in the past began to appear and became an important driving force for economic growth. Some of the new consumption that is currently occurring is mostly brought about by the digital economy. Artificial intelligence and planned economy cannot simply be linked In this context, there have been some misunderstandings about the economic outlook. For example, the new economy will solve the problems that we could not solve in the past, and even achieve a planned economy. At the "2017 Yabuli China Entrepreneur Forum Tianjin Summit" held recently, Yang Yuanqing, chairman of Lenovo Group, stated that the intelligent supply chain is expected to achieve a balance between supply and demand, making it possible to provide on-demand production and on-demand supply. And sighed, perhaps in the era of intelligence, our planned economy can really become a reality. In fact, this remark exaggerated the role of the new economy such as artificial intelligence, so that there was a logical fallacy. As early as the 1920s and 40s, economists broke out a controversy. The confrontation point between the two parties is whether the planned economy is feasible with the advancement of computing technology. The outcome of this debate is very clear. Even if there is an omnipotent computing capability, we cannot make the efficiency of the planned economy surpass the market economy. Today's global computing power is far beyond a hundred years ago, but no country will move to implement a planned economy. For example, the amount of calculations completed within one minute by China’s self-developed “Light of Shenwei·Taihu Lake†is equivalent to the calculation of 7.2 billion people worldwide using computers for 32 years without interruption. However, this calculation ability cannot guarantee the return to the planned economy. Instead of worrying about a planned economy, it's better to focus on regulatory innovation The underlying reason is that the planned economy involves more than just a computing capability, or that computing power is only a very small factor. An economy, even if it is a closed economy, is a dynamic process of its economic operation. Economic activities such as the small blisters of the sea continue to surge (the economic activities take place) and continue to extinguish (economic activities are completed). The demand of economic agents is also keep changing. It is difficult for the planned economy to respond to changing needs in a timely and effective manner. In other words, the cost of planning the economy to handle information changes is too high. The calculation power is no longer strong, and instantaneous statistics cannot be made on these changes. After trial and error, human society chooses to handle this information by means of a decentralized decision-making market mechanism, giving full play to the role of information exchange among market entities, and using price mechanisms to effectively adjust individual decisions and their behavior. In short, it is to feed all the data of the past into artificial intelligence. It is also difficult to know the preferences of all consumers in the next second, the decisions of all producers, and the judgment and grasp of risk of all entrepreneurs. Therefore, tying artificial intelligence, big data, and the like to the planned economy is a misunderstanding of the new economy and a misunderstanding of the market economy. More importantly, it is easy to overlook the urgent need to solve the problems in the current development of the digital economy. In the process of implementing the national big data strategy and accelerating the construction of digital China, there are a series of practical issues that need to be answered in the new economic field. For example, how to monitor the shared economy in order to effectively prevent the corresponding risks? After big data becomes a new production factor and infrastructure, how to protect data security and national data security of enterprises has become a major issue. In addition, the determination of monopoly and anti-monopoly issues in the new economy have become major challenges for all countries. Therefore, rather than focusing on the digital revolution and planned economy, it is better to focus on the policy and institutional innovations needed to form a data-driven development model.
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