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frontforlast Monday at 6:25 AM1 replyview on HN

State control over production means instead of letting the free market decide what’s worth producing, the central planners believe they know better than the market (and the 2nd, 3rd order effects) what to produce and how to allocate and price resources and production. It very much removes or diminishes the “market”.


Replies

vlovich123last Monday at 6:31 AM

I don’t believe central planning is strictly a requirement of communism. It’s just lumped into it because the USSR did both.