Planned economy: Difference between revisions
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{{Hatnote|This article is about the method of economic distribution under socialism. For the variety of capitalism, see [[state capitalism]].}} | {{Hatnote|This article is about the method of economic distribution under socialism. For the variety of capitalism, see [[state capitalism]].}} | ||
[[File:Sovietfiveyearplan.png|thumb|right|[[Union of Soviet Socialist Republics|Soviet]] poster promoting the [[five-year plan]], a major instance of [[Socialism|socialist]] economic planning. | |||
A '''planned economy''' is a system implemented by [[Socialism|socialist]] societies in which the allocation of [[labor]] and goods is determined on the basis of a common plan for the benefit of the whole society. Planned economies involve the conscious decision-making and effort of the [[Proletariat|working class]] in order to be implemented.<ref>Vladimir Lenin (1917). ''[https://www.marxists.org/archive/lenin/works/1917/staterev/ch03.htm#s3 The State and Revolution, Ch. III "Experience of the Paris Commune of 1871 — Marx's Analysis"]''. Available on the Marxists Internet Archive. </ref> Planned socialist economies rely neither on [[Market|markets]] nor the [[profit motive]] to function as [[Capitalism|capitalist]] economies do, enabling issues such as [[Economic crisis|routine economic crisis]], [[anarchy of production]], [[homelessness]], and ecological destruction to be eliminated.<ref>Stephen Gowans (December 21, 2012). ''[https://gowans.blog/2012/12/21/do-publicly-owned-planned-economies-work/ "Do Publicly Owned, Planned Economies Work?"]''. What's Left. Retrieved January 7, 2025. </ref> | A '''planned economy''' is a system implemented by [[Socialism|socialist]] societies in which the allocation of [[labor]] and goods is determined on the basis of a common plan for the benefit of the whole society. Planned economies involve the conscious decision-making and effort of the [[Proletariat|working class]] in order to be implemented.<ref>Vladimir Lenin (1917). ''[https://www.marxists.org/archive/lenin/works/1917/staterev/ch03.htm#s3 The State and Revolution, Ch. III "Experience of the Paris Commune of 1871 — Marx's Analysis"]''. Available on the Marxists Internet Archive. </ref> Planned socialist economies rely neither on [[Market|markets]] nor the [[profit motive]] to function as [[Capitalism|capitalist]] economies do, enabling issues such as [[Economic crisis|routine economic crisis]], [[anarchy of production]], [[homelessness]], and ecological destruction to be eliminated.<ref>Stephen Gowans (December 21, 2012). ''[https://gowans.blog/2012/12/21/do-publicly-owned-planned-economies-work/ "Do Publicly Owned, Planned Economies Work?"]''. What's Left. Retrieved January 7, 2025. </ref> | ||
Revision as of 05:21, 13 January 2025
[[File:Sovietfiveyearplan.png|thumb|right|Soviet poster promoting the five-year plan, a major instance of socialist economic planning. A planned economy is a system implemented by socialist societies in which the allocation of labor and goods is determined on the basis of a common plan for the benefit of the whole society. Planned economies involve the conscious decision-making and effort of the working class in order to be implemented.[1] Planned socialist economies rely neither on markets nor the profit motive to function as capitalist economies do, enabling issues such as routine economic crisis, anarchy of production, homelessness, and ecological destruction to be eliminated.[2]
See also
References
- ↑ Vladimir Lenin (1917). The State and Revolution, Ch. III "Experience of the Paris Commune of 1871 — Marx's Analysis". Available on the Marxists Internet Archive.
- ↑ Stephen Gowans (December 21, 2012). "Do Publicly Owned, Planned Economies Work?". What's Left. Retrieved January 7, 2025.
