Alex Tabarrok looks at the Chilean “Cybersyn” project:

Cybersyn was a project of the socialist government of Salvador Allende (1970-1973) and British cybernetic visionary Stafford Beer; its goal was to control the Chilean economy in real-time using computers and “cybernetic principles.” The military regime that overthrew Allende dropped the project and probably for this reason when the project is periodically rediscovered it is often written about in a romantic tone as a revolutionary “socialist internet,” decades ahead of its time that was “destroyed” by the military because it was “too egalitarian” or because they didn’t understand it.

Although some sources at the time said the Chilean economy was “run by computer,” the project was in reality a bit of a joke, albeit a rather expensive one, and about the only thing about it that worked were the ordinary Western Union telex machines spread around the country. The IBM 360 two computers supposedly used to run the Chilean economy were IBM 360s (or machines on that order). These machines were no doubt very impressive to politicians and visionaries eager to use their technological might to control an economy [. . .] Today, our perspective will perhaps be somewhat different when we realize that these behemoths were far less powerful than an iPhone. Run an economy with an iPhone? Sorry, there is no app for that.

[. . .] The control room is like the bridge of the Starship Enterprise in another respect–both are stage sets. Nothing about the room is real, even the computer displays on the wall are simply hand drawn slides projected from the other side with Kodak carousels.