this post was submitted on 16 Jul 2023
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Planned economies are grossly inefficent, a handful of planners creating chains of production results on an economy that works only on paper.
Marxism works as a critique of lassiez-faire capitalism, but as a standalone system always results in the creation od totalitarian regimes. A well regulated market economy, with publicly funded infrastructure and services has the best of both worlds.
I’ve seen the opposite in places like the UK where privatization of public utilities has lead to very high prices, poor customer service, and under investment across the board.