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Understanding Command Economies: Government Control and Socialism

Command economies are characterized by government ownership and control of all resources and factors of production. In these systems, all economic decisions are centrally made, which can lead to a lack of freedoms and personal choices. Prominent figures like Karl Marx, Friedrich Engels, and Vladimir Lenin advocated for socialism, addressing class struggles and the inequities of capitalism. The Soviet Union is a historical example of a command economy, where government plans dictated agricultural and industrial outputs, leading to widespread shortages and suffering among the populace.

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Understanding Command Economies: Government Control and Socialism

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  1. Command/Centrally PlannedEconomies Government Control Of Resources & Factors of Production

  2. Command Econ • Government owns/controls all land, labor, resources • All decisions economically centrally controlled and made by government • Socialism- democratic means of distributing wealth/political equity-Centrally planned • Communism-All economic power /decisions made through authoritarian means. –Command economy- dictatorship-few freedoms for people

  3. Communism • Karl Marx /FredrichEngles/Vladimir Lenin • Believed in socialism and advocated violent revolution to bring about change • Felt industrialized nations were divided by social classes based on wealth • Marx believed capitalist never allowed wages to rise above the minimum standard for the workers to live on • Marx saw this a “class struggle”

  4. Communism • Bourgeoisie- wealthy capitalists, anyone with wealth • Proletariat- workers and laborers • Worldwide revolution by workers is the belief of communism • A dictatorship would ensue for a short period to set up society • Eventually all government would cease to exist • All land, labor, products, etc,, would be equally owned and distributed to all in society.

  5. Soviet Union 1917-1991 • Command Economy- Government 5yr plans • Agriculture- collective farms/quotas/ • Millions died as result • Industry-heavy industry/military goods/$$$$$ • Little to no consumer goods • Quality and selection poor/ shortages • Economy and people run into the ground

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