this post was submitted on 16 Jul 2023
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Planned economies are grossly inefficent, a handful of planners creating chains of production results on an economy that works only on paper.
Marxism works as a critique of lassiez-faire capitalism, but as a standalone system always results in the creation od totalitarian regimes. A well regulated market economy, with publicly funded infrastructure and services has the best of both worlds.
Capitalism is not the absence of planned economy.
Capitalism is a very particular distribution of power and a very particular approach to a free market. Otherwise, the word makes no sense at all.