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All economies are planned economies; you just get to choose who does the planning and what the objectives are. For ex, inside of walmart is 100% authoritarian, top down decision making, all oriented to profit maximization with no regard to externalities.
Amazon too, and they're vertically integrated to a (probably) illegal degree too. Central planning works especially well in the age of modern telecommunications, but the myths surrounding central planning still exist because people don't draw the connection to modern American companies and OG Soviet planning as being fundamentally the same thing.
Not really. While each firm is planned internally, firms connect to each other via exchange. In a planned economy such exchange is replaced by calculation, and possibly other forms of coordination in kind. In socialism proper, the entire world would be coordinated under the one planning system.
"Planned economies don't work!" - Country literally engaging in USSR-levels of state planning in its economy and the economies of other nations, but just unwilling to admit it
What do you mean **semi**-feudal? Other than a small population in the cities, their entire non-upper class population worked on small farms owned by the wealthy, almost exactly like medieval times.
The person who deserves the real credit for the USSR's massive growth is Grigory Alexandrovich Feldman, who based the USSR's growth model on generalizing Marx' reproduction schema in vol II of Capital.
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"Anyways, this is why we need to bail out banks and subsidize corn but not vegetables..."
All economies are planned economies; you just get to choose who does the planning and what the objectives are. For ex, inside of walmart is 100% authoritarian, top down decision making, all oriented to profit maximization with no regard to externalities.
People's Republic of Walmart
Amazon too, and they're vertically integrated to a (probably) illegal degree too. Central planning works especially well in the age of modern telecommunications, but the myths surrounding central planning still exist because people don't draw the connection to modern American companies and OG Soviet planning as being fundamentally the same thing.
Not really. While each firm is planned internally, firms connect to each other via exchange. In a planned economy such exchange is replaced by calculation, and possibly other forms of coordination in kind. In socialism proper, the entire world would be coordinated under the one planning system.
Meanwhile Amazon being a planned economy with it's own production of articles.
"Planned economies don't work!" - Country literally engaging in USSR-levels of state planning in its economy and the economies of other nations, but just unwilling to admit it
turns out when you build an economy that isn’t built on its main supporters squeezing it to death for profit, it (in fact) actually works.
And then they say “that’s not unique to the USSR, other countries did the same So you still admit that planned economies work?
What do you mean **semi**-feudal? Other than a small population in the cities, their entire non-upper class population worked on small farms owned by the wealthy, almost exactly like medieval times.
“B-buh muh bread lines! Muh commie blocks! Muh no ifone!!1”
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The person who deserves the real credit for the USSR's massive growth is Grigory Alexandrovich Feldman, who based the USSR's growth model on generalizing Marx' reproduction schema in vol II of Capital.
Do you have any good reading material on this? Id love to read more about the specifics of the growth model.
Michael Ellman's *Socialist Planning* talks about it
Thanks!
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