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Socialist Planning

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Michael Ellman

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“The mistake the Bolsheviks made was not in aiming at the modernisation of Russia. That was entirely sensible. Nor was it a mistake to ascribe a major role in the economy to the state. This is quite normal in the modern world. Their mistake was to suppose that successful modernisation required the elimination of the market and of private enterprise. They did not realise the role that the market and private enterprise can play in generating and maintaining self-sustaining economic growth. Looking at all economic activity as if it were a zero-sum game was very one-sided. Furthermore, the Bolsheviks failed to realise that for the state to attempt to micromanage every farm, factory and office is a very inefficient form of management, that wastes information and potential local initiatives and entrepreneurship. Furthermore, coercion tends, in general, to be less effective than market incentives in raising labour productivity, and to be indifferent to human suffering and loss of life (see Chapters 6 and 7).”

BolsheviksModernization
Book:Socialist Planning
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“I see the way you look at me. I feel the way you touch me. I hear the hidden messages in your voice. Unlike you, I’ve been blessed knowing the warmth that comes with love. The way a person’s eyes glow and body softens. You love me! And if you can stand there and deny it—when it’s so blatantly obvious—then there really is no hope for us. You might as well march me outside and complete the Final Debt, because I’d rather you kill me quickly than live through this endless death!”-Nila”

JethroNila Weaver
Book:Third Debt
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