Candidate for a bumper sticker: “Murderous Marxist Morons.”
A challenge to Murderous Marxist Morons: Explain what you or anyone else would have to do to centrally plan the economic system. Where would you start? what would you have to know? Could the planning be subdivided without immediately becoming a chaos?
Socialist
central planning would require that each member of the Central Planning Board
be able to hold in his mind all of the factories, pieces of equipment, and all
other means of production, where they were, what they were capable of
accomplishing, and when, for a generation.
Capitalism is full of economic planning—on the part of all the individual participants in the economic system. If you go shopping with a shopping list, you have an economic plan: you’re planning to buy what’s on your list.
Wage earners, consumers, and businessmen make countless plans with respect to all aspects of their operations. Murderous Marxist Morons are too stupid to realize this. They think capitalism is a planless chaos first awaiting planning by them.
The alleged planning of the Murderous Marxist Morons is an empty wish list of goals that they announce every five years (the Soviets’ Five-Year Plans) or every four years (the Nazis’ Four-Year Plans).
Meanwhile, under capitalism, all parts of the economic system are continually planned and re-planned in response to changes in individual profit and loss calculations.
The planning of virtually all aspects of capitalism by its individual participants is harmonized, coordinated, and integrated by the price system, which rests on the profit motive and the freedom of competition, which in turn rest on private ownership of the means of production.
The Murderous Marxist Morons know nothing of this. Their contribution to production and civilization is nothing other than the destruction of capitalism and its price system and thus of rational economic planning The result is chaos, poverty, suffering, and death.
To learn more, read chapters 6-8 of my Capitalism: A Treatise on Economics, available on Amazon under "George Reisman, Capitalism: A Treatise on Economics".
