Schrödinger's Cat
6th October 2008, 05:44
What is planned economy? What are some of its attributes? Planned economy tries to abolish unemployment. Let us suppose it is possible, while preserving the capitalist system, to reduce unemployment to a certain minimum. But surely, no capitalist would ever agree to the complete abolition of unemployment, to the abolition of the reserve army of unemployed, the purpose of which is to bring pressure on the labor market, to ensure a supply of cheap labor.Complete unemployment under capitalism would theoretically create large-scale inflation. I think that's worth noting.