Article by By Stephen Gowans
Compared to capitalism, the USSR’s publicly owned, planned economy worked remarkably well.
By Stephen Gowans
http://www.barakabooks.com/catalogue/patriots-traitors-and-empires/ The Soviet Union was a concrete example of what a publicly owned, planned economy could produce: full employment, guaranteed pensions, paid maternity leave, limits on working hours, free healthcare and education (including higher education), subsidized vacations, inexpensive housing, low-cost childcare, subsidized public transportation, and rough income equality. Most of us want these benefits. However, are they achievable permanently? It is widely believed that while the Soviet Union may have produced these benefits, in the end, Soviet public ownership and planning proved to be unworkable. Otherwise, how to account for the country’s demise? Yet, when the Soviet economy was publicly owned and planned, from 1928 to 1989, it reliably expanded from year to year, except during the war years. To be clear, while capitalist economies plunged into a major depression and reliably lapsed into recessions…
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