Venezuelan Cybernetics Project

The Venezuelan Cybernetics Project was an initiative launched in the 1970s aiming to develop a new approach to economic planning by applying cybernetics—a systems theory focused on feedback and control—to manage the economy more efficiently. It sought to create a centralized, computer-based system to simulate economic processes, improve resource allocation, and promote sustainable development. Despite its innovative aspirations, the project faced technical, political, and logistical challenges, limiting its success. Overall, it represented an ambitious attempt to integrate cutting-edge systems thinking into national economic management during that era.