πŸ“• subnode [[@neil/markets vs planning]] in πŸ“š node [[markets-vs-planning]]
πŸ“• text contributed by @neil πŸ”— οΈπŸ‘ οΈπŸ“

Markets vs planning

Schoolchildren in the US are commonly taught to conceive of the broad variety of political-economic systems, both those extant and those possible, as divisible into two essential and opposing categories: β€œ[[markets]]” and β€œ[[planning]].”

– [[Markets in the Next System]]

β€œMarkets,” in this formulation, offer opportunities for commerce which make people free, while β€œplanning” oppresses people through inefficient resource rationing.

– [[Markets in the Next System]]

It is taken for granted that β€œmarkets” and β€œ[[capitalism]]” are synonymous; likewise β€œplanning” and β€œ[[socialism]].” The problems with this formulation are legion, but particularly egregious is its utter ahistoricity: inconveniently for the schoolteachers formulation, markets predate capitalism by thousands of years.

– [[Markets in the Next System]]

See also [[socialist calculation debate]].

I would (surprise surprise) prefer something that has a little bit of each - e.g. [[P2P accounting]].

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