A Centrally Planned Economy

If millions of people have volunteered to move to a planet similar to Earth scarcity and property rights would be best addressed in a top down fashion. In a centrally planned economy business leaders, or producers, will be impacted through the lack of artificial need. A centrally planned economy will affect the personal choices, of the consumer, all of their needs and desires will be met. The community is affected by the lack of overproduction and under consumption occurring in the market created by capitalists, in an attempt to maximize productivity while lowering costs. A centrally planned economy will address property and scarcity in the most effective way for producers, consumers, and the community.

As a producer/business leader, it is easier to produce with central planning. There isn’t competition for property rights. The land will be shared. In addition to …show more content…
There will be a set of finite needs with no deus ex machina of success envy. Consumers will be able to do anything they want without opportunity costs. All basic needs and desires will be met, including free property. Wants will be a thing of the past. There will be no artificial needs or scarcity. Scarcity will be non-existent due to top down organization. Distribution will be fair. Due to lack of a competitive market, there will be no reason to produce at a lower cost. This will increase job security, raise wages, and decrease automation.

As a community, the state nation, the country, and the world, will be less concerned with outranking others. A lack of scarcity will create a decrease in automation allowing more people to contribute to the work force. Basic human needs and desires will be met fairly, through resource allocation, essentially eliminating poverty. Elimination of poverty won’t be an issue because tradeoffs aren’t associated with addressing human needs. A world without poverty will be a better world to live