JOURNAL ARTICLE

The Plans That Failed.

  • Published In: Catalyst: A Journal of Theory & Strategy, 2025, v. 9, n. 2/3. P. 8 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: SUNKARA, BHASKAR; BEGGS, MIKE; BURGIS, BEN 3 of 3

Abstract

Soviet-style planning delivered rapid industrial growth but collapsed under chronic shortages, bad incentives, and political sclerosis. Even partial market reforms, like Hungary's New Economic Mechanism, could not overcome the system's structural flaws. Socialism's future lies in marrying democratic control and social ownership with the allocative power of markets. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Catalyst: A Journal of Theory & Strategy. 2025/10, Vol. 9, Issue 2/3, p8
  • Document Type:Article
  • Subject Area:Political Science
  • Publication Date:2025
  • ISSN:2475-7365
  • Accession Number:191190549
  • Copyright Statement:Copyright of Catalyst: A Journal of Theory & Strategy is the property of Jacobin Foundation and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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