Singularity and the Soviet Union

You mention that some believe that, in some ways, Singularity will operate like Soviet master planning with full information and unlimited power, and self-regulate to everybody’s benefit.

As someone who grew up in a country that was controlled by Soviet Union, I can assure you that the “ communist system” did not figure out how to regulate itself.

It had plenty of information, especially about its citizens, but used this information to obtain power and control over its people.

The problem is that its currencies - communist apparatchiks - did not create life, but grew like cancer cells, grabbing as much as they can and destroying others in the process.