Planned economy - Revision history

Wisconcom: Added additional paragraph.

2026-09-03T02:09:35Z

Added additional paragraph.

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	It will, in other words, abolish competition and replace it with association." [Emphasis added] —[[Friedrich Engels]]<ref>[https://www.marxists.org/archive/marx/works/1847/11/prin-com.htm ''The Principles of Communism'', 14. "What will this new social order have to be like?"] (1847). Available on the Marxists Internet Archive.</ref></blockquote>		It will, in other words, abolish competition and replace it with association." [Emphasis added] —[[Friedrich Engels]]<ref>[https://www.marxists.org/archive/marx/works/1847/11/prin-com.htm ''The Principles of Communism'', 14. "What will this new social order have to be like?"] (1847). Available on the Marxists Internet Archive.</ref></blockquote>

			Planned economies have shown to be more effective than their unplanned counterparts, usually having the result of rapidly increasing production, standard of living, and other economic factors.<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 September 2, 2026.</ref>
	==See also==		==See also==
	* [[Five-year plan]]		* [[Five-year plan]]

Wisconcom at 17:27, 2 August 2026

2026-08-02T17:27:17Z

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	How exactly a planned economy will function is different among [[left-wing]] tendencies; [[Libertarian socialism\|libertarian socialists]] advocate a decentralized approach whereas [[State socialism\|state socialists]] often seek central planning. Planned economies which have existed in the past include the economies of the [[Soviet Union]], [[People's Republic of China]] until the 1970s, and others.		How exactly a planned economy will function is different among [[left-wing]] tendencies; [[Libertarian socialism\|libertarian socialists]] advocate a decentralized approach whereas [[State socialism\|state socialists]] often seek central planning. Planned economies which have existed in the past include the economies of the [[Soviet Union]], [[People's Republic of China]] until the 1970s, and others.

	<blockquote>"Above all, it [the new social order: Ed.] will have to take the control of industry and of all branches of production out of the hands of mutually competing individuals, and instead institute a system in which all these branches of production are operated by society as a whole – that is, for the common account, '''according to a common plan, and with the participation of all members of society.'''		<blockquote>"Above all, it [the new social order: Ed.] will have to take the control of industry and of all branches of production out of the hands of mutually competing individuals, and instead institute a system in which all these branches of production are operated by society as a whole – that is, for the common account, '''according to a common plan, and with the participation of all members of society.'''<br><br>

	It will, in other words, abolish competition and replace it with association." [Emphasis added] —[[Friedrich Engels]]<ref>[https://www.marxists.org/archive/marx/works/1847/11/prin-com.htm ''The Principles of Communism'', 14. "What will this new social order have to be like?"] (1847). Available on the Marxists Internet Archive.</ref></blockquote>		It will, in other words, abolish competition and replace it with association." [Emphasis added] —[[Friedrich Engels]]<ref>[https://www.marxists.org/archive/marx/works/1847/11/prin-com.htm ''The Principles of Communism'', 14. "What will this new social order have to be like?"] (1847). Available on the Marxists Internet Archive.</ref></blockquote>

Wisconcom at 17:26, 2 August 2026

2026-08-02T17:26:16Z

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	{{Hatnote\|Not to be confused with [[state capitalism]].}}		{{Hatnote\|Not to be confused with [[state capitalism]].}}
	A '''planned economy''' is an economic system, usually associated with [[socialism]], in which distribution of goods and services is determined on the basis of a common, rational plan developed by the whole society ''for'' the benefit of the whole society, as opposed to being considered on the basis of [[profit]] under [[~~captialism~~]].		A '''planned economy''' is an economic system, usually associated with [[socialism]], in which distribution of goods and services is determined on the basis of a common, rational plan developed by the whole society ''for'' the benefit of the whole society, as opposed to being considered on the basis of [[profit]] under [[capitalism]].

	How exactly a planned economy will function is different among [[left-wing]] tendencies; [[Libertarian socialism\|libertarian socialists]] advocate a decentralized approach whereas [[State socialism\|state socialists]] often seek central planning. Planned economies which have existed in the past include the economies of the [[Soviet Union]], [[People's Republic of China]] until the 1970s, and others.		How exactly a planned economy will function is different among [[left-wing]] tendencies; [[Libertarian socialism\|libertarian socialists]] advocate a decentralized approach whereas [[State socialism\|state socialists]] often seek central planning. Planned economies which have existed in the past include the economies of the [[Soviet Union]], [[People's Republic of China]] until the 1970s, and others.

Wisconcom: Created article.

2026-08-02T17:26:02Z

Created article.

New page

{{Hatnote|Not to be confused with [[state capitalism]].}}
A '''planned economy''' is an economic system, usually associated with [[socialism]], in which distribution of goods and services is determined on the basis of a common, rational plan developed by the whole society ''for'' the benefit of the whole society, as opposed to being considered on the basis of [[profit]] under [[captialism]].

How exactly a planned economy will function is different among [[left-wing]] tendencies; [[Libertarian socialism|libertarian socialists]] advocate a decentralized approach whereas [[State socialism|state socialists]] often seek central planning. Planned economies which have existed in the past include the economies of the [[Soviet Union]], [[People's Republic of China]] until the 1970s, and others.

<blockquote>"Above all, it [the new social order: Ed.] will have to take the control of industry and of all branches of production out of the hands of mutually competing individuals, and instead institute a system in which all these branches of production are operated by society as a whole – that is, for the common account, '''according to a common plan, and with the participation of all members of society.'''

It will, in other words, abolish competition and replace it with association." [Emphasis added] —[[Friedrich Engels]]<ref>[https://www.marxists.org/archive/marx/works/1847/11/prin-com.htm ''The Principles of Communism'', 14. "What will this new social order have to be like?"] (1847). Available on the Marxists Internet Archive.</ref></blockquote>
==See also==
* [[Five-year plan]]

==References==
{{Reflist}}

[[Category:Socialism]][[Category:Economics]]