What are the major theoretical advantages of a planned economy and power structure that is not held accountable via classical elections?
Should it by the specs outperform capitalist democracy? Could any of the anarcho-communism or democratic socialist models?
A planned economy can outpreform a capitalist one in several specific circumstances. I would argue that large wars are such situations, others could be found. But so far it seems that a planned economy's main weakness is the ability to adapt, hence its weakness with consumer goods that change constantly due to advances in technology (obsoletion) or whim (fashion).
Can this be overcome? Sure do away with fashion and you avoid whim by limiting personal liberty, but what about technological progress? What systems could be put in place to replace the guiding hand of the market?
Should it by the specs outperform capitalist democracy? Could any of the anarcho-communism or democratic socialist models?
A planned economy can outpreform a capitalist one in several specific circumstances. I would argue that large wars are such situations, others could be found. But so far it seems that a planned economy's main weakness is the ability to adapt, hence its weakness with consumer goods that change constantly due to advances in technology (obsoletion) or whim (fashion).
Can this be overcome? Sure do away with fashion and you avoid whim by limiting personal liberty, but what about technological progress? What systems could be put in place to replace the guiding hand of the market?
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