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Quote by Francis Spufford

“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.”

Book:Red Plenty: Inside the Fifties’ Soviet Dream

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Red Plenty: Inside the Fifties’ Soviet Dream

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Author

Francis Spufford

Francis Spufford is a British author born in 1964. His works span various literary genres, including novels, non-fiction, and history. Spufford is known for his unique narrative style and in-depth exploration of complex themes. more

“Finally, as 9/11 fell on December 7, 1941, America entered World War II, and wouldn’t you know it, the US actually recovered from the Depression. It turned out that with state control of production and jobs for all, a nation could spend its way out of misery. Of course, this proof of concept of planned economies was instead interpreted as a reason to constantly go to war.”

War Politics Economics Socialism Wwii Planned Economy

Book:The Chapo Guide to Revolution: A Manifesto Against Logic, Facts, and Reason

Source: The Chapo Guide to Revolution: A Manifesto Against Logic, Facts, and Reason

“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.”

Socialism Progressive Fascism Holocaust Nazi Wwii Eugenics Progressivism Wwii History Central Planners Planned Economy John Maynard Keynes

Author:A.E. Samaan

“Not only is the system distorted by its bias towards investing in what happens to be profitable, but even within that sphere there is no reason to expect the profit motive to lead to a well-balanced pattern of investment. This has always been a weak point in the neo-classical system. The doctrine that, under conditions of free competition, given resources are used to yield maximum satisfaction, applies essentially to an equilibrium position. It can be demonstrated only by assuming that an equilibrium exists and showing that a /departure /from it would be harmful (it also has to assume, of course, that the distribution of income is somehow what it ought to be). Walras had the ingenious idea of making the inhabitants of his market “shout” their offers until the equilibrium has been found, and then start actual trading at the equilibrium prices. It is pure effrontery to extend this kind of equilibrium conception to investment; an equilibrium pattern of investment worked out on this system is possible only in a fully planned economy (if there). [p. 125]”

Competition Equilibrium Planned Economy Walras

Book:Economic philosophy

Source: Economic philosophy

“The characteristic feature of the ‘planned economy’ in the traditional model was that economic activity proceeded in accordance with instructions from above.”