Quotes & Sayings About Planned Economy

It rests on the attempt since the 1970s to translate a pathological degeneration of the principle of laissez-faire into economic reality by the systematic retreat of states from any regulation or control of the activities of profit-making enterprise. This attempt to hand over human society to the (allegedly) self-controlling and wealth- or even welfare-maximising market, populated (allegedly) by actors in rational pursuit of their interests, had no precedent in any earlier phase of capitalist development in any developed economy, not even the USA. It was a reductio ad absurdum of what its ideologists read into Adam Smith, as the correspondingly extremist 100% state-planned command economy of the USSR was of what the Bolsheviks read into Marx. — Eric Hobsbawm

East and West, most societies have come to believe that competition will produce more prosperity for more people than a planned economy. I share that belief. — Anthony Lewis

It suffices here to say that the planned economy which the advocates of dictatorship wish to set up is precisely as socialistic as the Socialism propagated by the self-styled Social Democrats. — Ludwig Von Mises

Nevertheless, it is necessary to remember that a planned economy is not yet socialism. A planned economy as such may be accompanied by the complete enslavement of the individual. The achievement of socialism requires the solution of some extremely difficult socio-political problems: how is it possible, in view of the far-reaching centralisation of political and economic power, to prevent bureaucracy from becoming all-powerful and overweening? How can the rights of the individual be protected and therewith a democratic counterweight to the power of bureaucracy be assured? — Albert Einstein

A "centrally planned economy" by definition discourages and despises participation by the masses. It's a bureaucratic oligarchy. — A.E. Samaan

It is one of the many ironies of this period that, at a time when the intelligentsia were excoriating Mellon for tax-evasion, and contrasting the smooth-running Soviet planned economy with the breakdown in America, he was secretly exploiting the frantic necessities of the Soviet leaders to form the basis of one of America's most splendid public collections — Paul Johnson

Every totalitarian Communist considered themselves as a Socialist first and foremost. — A.E. Samaan

A totalitarian regime thus has one political party, one educational system, one artistic creed, one centrally planned economy, one unified media, and one moral code. In a totalitarian state there are no independent schools, no private businesses, no grassroots organizations, and no critical thought. — Anne Applebaum

Neither Fascist Italy nor Spain adopted eugenics as an ideology central to their form of government the way the National Socialist did. However, socialist and progressive nations such as Canada, Sweden, Denmark, Finland, and Norway did adopt and implement eugenics. This is because eugenics is the safety valve of a centrally planned economy. Central planners like John Maynard Keynes fear a population that is not as meticulously planned as the economy. They fear the unproductive sectors out-breeding the productive sectors of the population. This is also why Keynes was a lobbyist for the British eugenics movement both before and after The Holocaust. — A.E. Samaan

Today financial capitalism is fraught with special interests, corporate monopolies, and an opacity that would have boggled Smith's mind. Let me be clear: despite my criticism of our existing model of financial capitalism, this book isn't anticapitalist. I am not in favor of a planned economy or a turn away from a market system. I simply don't think that the system we have now is a properly functioning market system. — Rana Foroohar

Centralization is an abomination! Decentralize everything! Leave nothing to the central planners. — A.E. Samaan

During the 1930s, some of the leading intellectuals in America condemned our economic system and pointed to the centrally planned Soviet economy as a model
all this at a time when literally millions of people were starving to death in the Soviet Union, from a famine in a country with some of the richest farmland in Europe and historically a large exporter of food. — Thomas Sowell

The military state is the final form to which every planned economy tends rapidly. — Isabel Paterson

The difference between [socialism and fascism] is superficial and purely formal, but it is significant psychologically: it brings the authoritarian nature of a planned economy crudely into the open. The main characteristic of socialism (and of communism) is public ownership of the means of production, and, therefore, the abolition of private property. The right to property is the right of use and disposal. Under fascism, men retain the semblance or pretense of private property, but the government holds total power over its use and disposal. — Ayn Rand

So many problems we will get to the bottom of later, but whose spatial aspect we must grasp right away. If the space of the industrial economy dominates the social space in which the Parisian worker or intellectual develops, to what extent could residential space, cultural space, or political space be planned without it being necessary to first intervene in economic structures? ... In short ... : to what extent can we freely build the framework for a social life in which we might be guided by our aspirations and not by our instincts? — Tom McDonough

In a designed economy there would be no trees, or certainly no very tall trees: no forests, no canopy. Trees are a waste. Trees are extravagant. Tree trunks are standing monuments to futile competition - futile if we think in terms of a planed economy. But the natural economy is not planned. Individual plants compete with other plants, of the same and other species, and the result is that they grow taller and taller, far taller than any planner would recommend. — Richard Dawkins

If the government were obliged to come to the people for money instead of vice-versa, the people would keep government under control and operate their economy satisfactorily with prosperity and peace resulting. The peoples of the nations do not make war. For them peace is the natural and permanent order. Wars are planned and perpetrated by politicians and their diplomats; and the money power of government is the means by which the people are maneuvered into wars. — E.C. Riegel

It's time to admit that public education operates like a planned economy, a bureaucratic system in which everybody's role is spelled out in advance and there are few incentives for innovation and productivity. It's no surprise that our school system doesn't improve: It more resembles the communist economy than our own market economy. — Albert Shanker

Such terms as communism, socialism, Fabianism, the welfare state, Nazism, fascism, state interventionism, egalitarianism, the planned economy, the New Deal, the Fair Deal, the New Frontier are simply different labels for much the same thing. — Leonard Read

The desire to engineer humanity is a sign of a mind warped by megalomania and lust for power. — A.E. Samaan

To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political parties. One may condemn the fraud and the current system, but it must be called by its proper names - Keynesian inflationism, interventionism, and corporatism. — Ron Paul

Our whole economy is based on planned obsolescence. — Brooks Stevens

In this sense socialism means the abolition of private enterprise, of private ownership of the means of production, and the creation of a system of "planned economy" in which the entrepreneur working for profit is replaced by a central planning body. — Friedrich Hayek

There is not Communism or Marxism, but representative democracy and social justice in a well-planned economy. — Fidel Castro

[Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. — Albert Einstein

Communism is what happens when Socialists realize that they want complete control over every aspect of human life. — A.E. Samaan

The right to "liberty" and "pursuit" of happiness is incompatible with a government that makes choices for you. — A.E. Samaan

For the last hundred years the big organizational question has been whether any given task was best taken on by the state, directing the effort in a planned way, or by businesses competing in a market. — Clay Shirky

Seen from that future time, when every commodity the human mind could imagine would flow from the industrial horn of plenty in dizzy abundance, this would seem a scanty, shoddy, cramped moment indeed, choked with shadows, redeemed only by what it caused to be created.
Seen from plenty, now would be hard to imagine. It would seem not quite real, an absurd time when, for no apparent reason, human beings went without things easily within the power of humanity to supply and lives did not flower as it was obvious they could. — Francis Spufford

The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best. — John Kenneth Galbraith