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Would you agree that the reasons it is terrible and outdated have to do with authoritarianism and suppression of subjective value?

it's terrible because of the former and outdated because its based on an anachronistic industrial era economic model.

Just to make sure of the clarity of your comment, the position is that communism/socialism statism was/is terrible because of authoritarianism.

Outdated because it was based on an anachroniatic industrial era economic model that didn't utilize the subjective theory of value.

Is that still a correct framing of the position?