,! ,NONS5SE ( ,PLANN+ 

,PEOPLE 3 

,AU?OR 3 ,PAUL ,MATTICK 

,TEXT 3 

,S\RCE3 ,ONE ,BIG ,UNION ,MON?LY1 ,AUGU/ #a#i#c#g1 PP4 #a#d-#g1 #c#c-#c#d4 
,TRANSCRIB$3 BY ,BRIAN ,REID1 ,?OMAS ,S*MIDT2 

,! LIT]ATURE DEAL+ ) ! PROBLEMS ( A PLANN$ ECONOMY HAS ATTA9$ 
PROPORTIONS COMP>ABLE ONLY ) ?OSE ( ! DEPRESSION :I* BR\<T IT 
=?4 ,9 ALL ?IS WELT] ( ?\<T1 WE MAY DI/+UI% ?REE MA9 CURR5TS3 
ONE :I* /&S = ! POSSIBILITY ( CAPITALI/ PLANN+1 ANO!R :I* 
D5IES IT ON PR9CIPLE1 & A ?IRD :I* HOV]S BETWE5 !SE EXTREMES & 
F9DS ITS *AMPIONS BO? 9 ! B\RGEOIS & SOCIALI/ CAMPS4 

,9 VIEW ( ! DEPRESSION1 ! SURVIV+ REPRES5TATIVES ( ! 
LAISSEZ-FAIRE PR9CIPLE HAVE A H>D TIME DEF5D+ !IR !ORETICAL PO/ULATES 
AGA9/ ! PLANN]S4 ,IT BECOMES 9CREAS+LY IMPLAUSIBLE ?AT ! M>KET 
ME*ANISM1 ( ITSELF1 CAN OV]COME ! PRES5T DIFFICULTIES4 ,& EV5 IF IT 
C\LD1 !RE /ILL REMA9S OP5 ! NO LESS IMPORTANT QUE/ION ( :E!R 
SOCIETY %ALL SUBMIT SUP9ELY TO ! BRUTAL HEAL+ PROCESS 9 :I* ! M>KET 
PRODUCES ITS REGULAT+ EFFECTS OR :E!R IT %ALL NOT RA!R TAKE A CONSCI\S 
P>T 9 ?IS PROCESS4 

,9 SPITE ( ! LIVEL9ESS ( ! DISCUSSION ON ! P>T ( ! 
LAISSEZ-FAIRES1 ! FACT NO LESS REMA9S ?AT !Y >E HI/ORICALLY SUP]S$$ 
= !IR BASIS 9 CLASSIC COMPETITIVE CAPITALISM IS DRAWN FROM UND] !M4 ,! 
5T]PRISES B\ND UP ) FREE COMPETITION FALL EASY VICTIMS TO ! 
MONOPOLI/IC =CES 9 :I* ! PROCESS ( CAPITAL CONC5TRATION /ILL 
EXPRESSES ITSELF4 ,! RESI/ANCE (F]$ BY !SE GR\PS TO ALL PLANN+ 
EXP]IM5TS IS ACCORD+LY NOT A /RUGGLE AGA9/ ANY SOCIALI/IC T5D5CIES ( 
! V>I\S GOV]NM5TS BUT ! LA/ DESPAIR+ EF=TS ( WEAK] CAPITALI/ 
GR\PS AGA9/ ! MONOPOLI/IC COMPETITION BY :I* !Y >E BE+ DE/ROY$4 
,& SO1 9 !IR AGITATION1 !Y HAD TO TAKE FLI<T FROM REALITY 9TO A MY/IC 
FATALISM2 = MONOPOLY CAPITALISM HAS UND5IABLY GR[N \T ( FREE COMPETITIVE 
CAPITALISM1 & ?US ! REPRES5TATIVES ( ! LATT] CAN NOT ATTACK ! FIR/ 
)\T AT ! SAME TIME /RIK+ !MSELVES4 ,! SAME COMPETITIVE CAPITALISM 
:I* 9 ITS HEYDAY NEV] TIR$ ( TALK+ AB\T ITS DET]M9+ & =M+ 
MISSION 9 WORLD AFFAIRS IS TODAY 5DEAVOR+ TO RELEGATE TO ! REALM ( FANCY 
ANY POSSIBILITY ( CONSCI\S REGULATION ( ! ECONOMIC LIFE4 ,ITS *AMPIONS SEE 
9 !IR [N 5D ! D[NFALL ( SOCIETY ITSELF & RAISE !IR W>N+ VOICES 
) ! ASS]TION ?AT NO ADVANCE IS POSSIBLE EXCEPT ?R\< COMPLETE 
PLANLESSNESS4 ,H[EV] MU* SUPPORT !Y MAY F9D = SU* A POSITION 9 ! 
PA/1 IT REMA9S CLE> ?AT ! FUTURE IS NOT DE/9$ TO FOLL[ ! PATT]N ( 
! PA/ BUT IMM$IATELY ?AT ( ! PRES5T4 ,& = ?AT REASON !IR CRY ( 
PROTE/ CAN 9SPIRE NO MORE T]ROR OR RE/RA9T ?AN1 SAY1 ?AT ( ! HOGS 9 
! SLAU<T]H\SE PRIOR TO HAV+ !IR ?ROATS CUT4 ,RA!R1 AS ! ,5GLI% 
*AMPION ( PLANN$ ECONOMY1 ,BLACKETT1 WRITES1 0,! IDEA ( PLANN+ HAS 
PASS$ RAPIDLY BEYOND ! /AGE ( BE+ SUSPECT = ITS COMMUNI/ CONNOTATIONS 
& HAS BECOME P]FECTLY RESPECTABLE40 

,I,I4 

,! *AMPIONS ( CAPITALI/ PLANN$ ECONOMY HAVE ! PRES5T ON !IR SIDE4 
,!IR D>TS DIRECT$ AGA9/ LAISSEZ-FAIRE PR9CIPLES /RIKE HOME1 EV5 ?\< 
!Y >E FIR$ ) CLOS$ EYES4 ,( C\RSE A NUMB] ( ECONOMI/S REJECT ! 
POSSIBILITY ( A P>TIAL PLANN+1 ASS]T+ ?AT SU* A ?+ IS A 
SELF-CONTRADICTION & ?AT A PLANN$ ECONOMY NECESS>ILY 9VOLVES ! 
MEAN+FUL & H>MONI\S 9T]CONNECTION ( ALL PROCESSES 9 
ALL ECONOMIC & SOCIAL SPH]ES1 TO :I* 5D ! MO/ CONSI/5T 
C5TRALIZATION ( ECONOMIC DIRECTION IS 9DISP5SABLE4 ,BUT SU* A POSITION1 
H[EV] CORRECT IT MAY BE1 /ILL FAILS TO MEET ! OBJECTION ?AT A P>TIAL 
PLANN+ 9 C]TA9 CIRCUM/ANCES IS CAPABLE ( SUPPRESS+ SOME ( ! 
ECONOMIC FRICTION1 ( OV]COM+ A NUMB] ( M9OR DIFFICULTIES & ?US ( 
CREAT+ NEW SITUATIONS :I* 9 !IR TURN CAN EX]T A MORE OR LESS FAVORABLE 
9FLU5CE UPON ! ECONOMIC PROCESS4 ,IF ?IS IS ! CASE1 ONE HAS A P]FECT 
RI<T TO SPEAK1 IF HE LIKES1 ( 0P>TIAL PLANN+10 & ANY 
CRITICISM W\LD PRACTICALLY ONLY BE TILT+ AGA9/ ! T]M9OLOGY :I* MAKES 
?IS PIECEMEAL PLANN+ SYNONYM\S ) PLANN$ ECONOMY ITSELF4 

,EV]Y PLANN$ ECONOMY HAS ITS PLANLESS ASPECTS1 & EV]Y PLANLESS ECONOMY 
HAS ALSO ITS REGULAT$ MOM5TS4 ,9 ! CLASSIC CAPITALISM ( FREE COMPETITION 
!RE W]E MONOPOLIES1 & 9 MONOPOLY CAPITALISM !RE IS 
COMPETITION1 EV5 ?\< ( A MORE LIMIT$ SORT4 ,FROM G5]AL COMPETITION >OSE 
?AT ( ! MONOPOLIES AMONG EA* O!R1 :I* AM\NTS TO SAY+ ?AT 
COMPETITION HAS ON ! ONE H& WAN$ AS REG>DS COMPLEXITY 9 ORD] TO WAX 9 
O!R =MS AS REG>DS 9T5SITY4 ,H[EV] MU* ! CLASSIC CAPITALISM MAY BE 
DIFF]5TIAT$ FROM ! MONOPOLI/IC1 /ILL ! ONE CAN NOT BE SET OV] AGA9/ 
! O!R3 MONOPOLY CAPITALISM IS ! OLD-AGE MANIFE/ATION ( LAISSEZ-FAIRE1 
& ITS PLANN$-ECONOMY PHRASEOLOGY IS ONLY ! MAKEUP :I* CONCEALS 
DECAY4 

,IF WE ID5TIFY ! RESULTS ( MONOPOLIZATION1 OR ( ! PROCESS ( 
C5TRALIZATION & CONC5TRATION1 ) ! EXP]IM5TS 9 PLANN$ ECONOMY1 WE 
GET AWAY FROM ! IDLE & PURELY CONCEPTUAL DISPUTE AS TO :E!R ! PLANN+ 
%ALL1 CAN OR MU/ BE C>RI$ \T COMPLETELY OR HALF WAY1 AT ONCE OR GRADUALLY4 
,ALSO ! QUE/ION AS TO :]E ! PLANN+ WILL LEAD LOSES ALL SIGNIFICANCE1 SO 
?AT ONLY ! QUE/ION ( PR9CIPLE REMA9S OP53 :E!R PLANN$ ECONOMY & 
CAPITALISM >E AT ALL SUSCEPTIBLE ( BE+ COMB9$4 

,I,I,I4 

,! MAJOR P>T ( ! !ORIES ( PLANN+ HI!RTO DEVIS$ CAN BE APPRAIS$ 
ONLY AS LIT]ATURE1 S9CE !IR AU?ORS HAVE REFRA9$ FROM T\*+ UPON ! 
LAWS BY :I* CAPITALI/ RELATIONS >E GOV]N$4 ,!IR />T+ PO9T WAS 
ALWAYS DISCONT5T ) EXI/+ CONDITIONS4 ,!Y NOT$1 AS ANYONE MAY READILY 
DO1 :AT WAS ABLY SET =? BY ,HOOV]'S ,RESE>* ,COMMITTEE ON ,SOCIAL 
,TR5DS3 ?AT SOCIETY'S CAPACITY = PRODUC+ COMMODITIES IS CONT9UALLY 
9CREAS+ AT A MORE RAPID RATE ?AN ! PUR*AS+ P[] ( ! POPULATION1 
?AT ! RATIO ( EMPLOYM5T FAILS TO KEEP /EP ) ! IMPROVEM5T ( ! 
PRODUCTIVE MA*9]Y1 & ?AT ! MEANS ( COMMUNICATION BETWE5 NATIONS 
*ANGE MORE RAPIDLY ?AN ! REORGANIZATION ( 9T]NATIONAL RELATIONS4 ,9 
BRIEF1 ! RATE ( GR[? ( ! SOCIAL =CES ( PRODUCTION IS SU* & ! 
=MS ASSUM$ BY !M >E SU* ?AT ! SOCIAL RELATIONS CAN NOT BE ADAPT$ TO 
!SE =MS1 BUT >E BREAK+ !M D[N4 ,! NATURAL CONCLUSION1 NAMELY1 ?AT 
!SE BACKW>D RELATIONS MU/ BE SWEPT ASIDE1 NEV] OCCURS TO ! !ORETICIANS 
( PLANN+ & CAN NOT OCCUR TO !M1 S9CE !Y >E !ORETICIANS ( PLANN+ 
ONLY )9 ! EXI/+ SOCIAL RELATIONS4 ,SO !Y TRY TO TURN HI/ORY BACKW>D 
& TO >RE/ ?IS PA9FUL GR[? ( ! SOCIAL CAPACITIES1 AFT] ! MANN] ( 
?OSE LOVELY ,JAPANESE LADIES :O B&AGE !IR FEET 9 ORD] TO KEEP !M 
DA9TY4 ,9 BO? CASES1 ! ACTUAL RESULT IS SIMPLY MAIM+4 

,TO ! ECONOMIC PLANN]S1 IT IS A QUE/ION ( DIM9I%+ ! PRODUCTIVE 
CAPACITY & AT ! SAME TIME ( 9CREAS+ ! PUR*AS+ P[]4 ,9 ! C\RSE 
( ?IS TWO-FOLD PROCESS A TIME MU/ COME :5 ! DISPROPORTION N[ EXI/+ 
BETWE5 ! TWO WALL BE ELIM9AT$ & ! WAY PREP>$ = A H>MONI\S 
9T]PLAY4 ,:ATEV] PA9S ! !ORETICIANS MAY TAKE TO WORK \T !IR !SES 
D[N TO ! LEA/ DETAIL1 ALL !SE PRETTY GAMES WILL BE V]Y MU* WA/$ SO 
F> AS CAPITALISM ITSELF IS CONC]N$4 ,TO ! CAPITALI/S1 ! PROBLEM ( 
PLANN+ AS A QUITE ONE-SID$ & PRACTICAL MATT]1 NAMELY1 ! CONV]SION & 
ADAPTATION ( !IR PRODUCTIVE APP>ATUS & ( !IR BUS9ESS TO ! 
AUTOMATICALLY CONTRACT+ RELATIONS ( ! M>KET & TO ! *ANGES )9 ! 
ECONOMIC /RUCTURE AS BR\<T AB\T ?R\< MONOPOLIZATION1 C>TELLIZATION & 
TRU/IFICATION-9 ORD] TO W9 = !MSELVES AS MU* AS POSSIBLE ( ! SOCIAL 
PR(IT4 ,:AT ACTUAL 0PLANN+0 TAKES PLACE W\LD TAKE PLACE EV5 
)\T DECISIVE MODIFICATIONS-EV5 IF ! V>I\S BRA9 TRU/S DID NOT 
EXI/-& PRECISELY UPON ! PRESCRIB$ BASIS ( ! NATURAL M>KET T5D5CIES 
UND] MONOPOLI/IC LASSEZ-FAIRE4 ,! 0PLANN+0 DOES NOT 
*ANGE ! SOCIAL ME*ANISM1 BUT ?IS ME*ANISM FUNCTIONS TODAY 9 A MANN] 
:I* FALLS 9 ) ! !ORIES ( ! PLANN]S4 ,IT EXP&$ ! PRODUCTIVITY 
( SOCIETY 9 ORD] !N1 ON ! GR\ND ( ?IS EXPANSION1 TO CONTRACT IT4 ,?IS 
CAPITALI/IC SABOTAGE IS NOT DET]M9$ BY ANY PLANS :ATSOEV]1-! PLANS 
M]ELY MAKE IT KN[N-1 BUT BY ! PLANLESSNESS ( ! EXI/+ ECONOMIC SY/EM4 
,CAPITALI/ PLANN$ ECONOMY IS !RE=E NO?+ MORE ?AN 0PLANN$ 
PLANLESSNESS10 OR MORE SIMPLY /AT$-NONS5SE4 ,) ! ACCEPTANCE ( ! 
PRES5T ECONOMIC SY/EM AS ! ONLY ONE = ALL TIME !RE CAN1 ( C\RSE1 BE 
NO 9SI<T 9TO ! FACT ?AT ANY PLANN+ )9 IT CAN ONLY BE A FANCIFUL 
ONE2 ! PRES5T ECONOMIC SY/EM REALLY P]MITS NO G5U9E CONSCI\S ECONOMY AT 
ALL4 ,TO TALK ( PLANN+ FROM ! /&PO9T ( COMMODITY PRODUCTION IS JU/ AS 
9T]E/+ AS TO HE> A BL9D MAN LECTURE ON VAN ,GO<4 

,I,V4 

,! %>ES ( ! 9DIVIDUAL CAPITALI/ 5T]PRISES 9 ! TOTAL SOCIAL 
PR(IT BE+ DEP5D5T ON ! MAGNITUDE ( ! CAPITALS 9VOLV$1 SO ?AT !IR 
[N]S >E COMPELL$ TO KEEP ON 9CREAS+ !IR CAPITAL 9 ORD] TO MA9TA9 
!MSELVES AS CAPITALI/S :5 PR(ITS >E DIM9I%+1 IT FOLL[S ?AT ! 
H9D]+ ( ! GR[? ( ! SMALL CAPITALS MEANS EV5TUALLY !IR 
DE/RUCTION4 ,& !SE CAPITALI/S >E WELL AW>E ( ! FACT ?AT CONTROL ( 
PRODUCTION MEANS !IR ELIM9ATION 9 ! 9T]E/ ( L>G] AGGREGATIONS2 ?AT 
! COMB9+ PROCESS :I* GOES ON AUTOMATICALLY EV5 DUR+ ! CRISIS1 BY 
WAY ( BANKRUPTCIES1 IS N[ TO BE FUR!R PROMOT$ BY POLITICAL MEANS1 ?R\< 
PLANN$-ECONOMY DEMAGOGY4 ,?AT 0FREEZE ! /ATUS QUO0 IS 9 
REALITY ! PLANFUL DE/RUCTION ( SMALL CAPITALS 9 ORD] TO PROLONG ! LIFE 
( ! L>G] ONES4 ,! ?+ :I* TO SOME 7E4G4 ,PR(ESSOR ,MOLEY7 IS A NEW 
HUMANIT>IAN ADJU/M5T 9 ! ECONOMIC & POLITICAL SPH]ES IS TO ! O!RS 
A D[NRI<T SELFI% POLICY ( /RANGULATION1 & !SE LATT] >E JU/IFI$ 9 
APPEAL+ TO ! LAWS ( NATURE1 :I* DO NOT ADMIT ( A 0/ATUS 
QUO40 ,& :ILE !IR D[NFALL IS A PRO( ( ! CORRECTNESS ( ?IS 
CONCEPTION1 YET 9 ! CAPITALI/ S5SE NATURAL LAWS OP]ATE ONLY BY WAY ( 
]UPTIONS4 ,AL?\< ! /AGNAT+ T5D5CIES >E DOOM$ TO REMA9 NO MORE ?AN 
T5D5CIES1 /ILL1 SO LONG AS !Y WORK1 !Y WILL ACCOMPLI% !IR TASK1 & 
! FATE ( MANY \TSID]S WILL BE ABSOLUTELY & =EV] SETTL$ ?R\< ! 
0UNNATURAL /ATUS QUO0 ( MONOPOLY4 

,NO LONG]1 AS =M]LY1 DOES ! NUMB] ( 9DIVIDUAL CAPITALS 9CREASE2 
RA!R1 AS CAPITALI/ DEVELOPM5T PROCE$S1 ?AT NUMB] CONT9UALLY DIM9I%ES4 
,WE >E GO+ BACK1 EV5 ?\< ) MODIFICATIONS1 TO CONDITIONS LIKE ?OSE 
:I* EXI/$ 9 ! BEG9N+S ( CAPITALI/ SOCIETY1 :5 !RE WAS LITTLE 
DI/9CTION BETWE5 EXPROPRIATION & ACCUMULATION4 ,& ! REASON IS ?AT AT 
! 5D ( CAPITALI/ SOCIETY1 AS AT ITS BEG9N+1 ! ?IR/ = PR(IT & 
! COMPULSION TO REAP+ IT >E GREAT] ?AN DUR+ ITS TIME ( VIGOR4 ,! 
PRIMITIV5ESS & UNSCRUPUL\SNESS ( *ILDHOOD REPEATS ITSELF 9 OLD AGE1 
?\< ) MORE F9ESSE4 ,! B5EFICI>IES ( ! CAPITALI/ SY/EM GR[ FEW] 
& FEW]1 SO ?AT ! /RUGGLE = %>ES ( ! SOCIAL PR(IT MU/ GR[ 
%>P]4 ,:ILE ON ! ONE H& !RE >E 9CREAS+LY GREAT] POSSIBILITIES = 
! CONSCI\S REGULATION ( ! ECONOMIC LIFE1 !Y >E MORE & MORE EXCLUD$ 
BY ! PROP]TY RELATIONS4 ,:AT PASSES ITSELF (F AS PLANN$ ECONOMY1 ?AT IS1 
AS A CONSCI\S TAK+ 9 H& ( ! SOCIAL PROCESS ( LIFE1 IS 9 REALITY ! 
%>P5+ ( ! /RUGGLE ( ALL AGA9/ ALL4 

,SO LONG AS SOCIETY IS B\ND TO COMMODITY PRODUCTION1 IT IS ONLY ?R\< ! 
M>KET ?AT ITS NE$S CAN BE SATISFI$4 ,ANY LIMITATION IMPOS$ UPON ! FRE$OM 
( M>KET+ IS A LIMITATION UPON ! 9DIVIDUAL 5TREPR5EURS !MSELVES & 
CAN ONLY LEAD TO %>P5+ !IR OPPOSITIONS4 ,LIMITATION ( PRODUCTION1 :I* 
CAN ONLY BE BR\<T AB\T BY WAY ( ! M>KET1 HAS ! SAME EFFECT4 ,EV5 IF 
! IDEA ( A CAPITALI/ PLANN$ ECONOMY NE$ NOT BE COMPLETELY REJECT$1 IT 
CAN BE ASSIGN$ NO MORE ?AN A LIMIT$ VALIDITY4 ,IT IS ONLY UND] CONDITIONS 9 
:I* A C]TA9 GR\P ( 9T]E/S SUCCE$S 9 COMPLETELY DOM9AT+ ALL ! 
RE/ ( SOCIETY ?AT ! IDEA C\LD BE JU/IFI$ 9 A CONDITIONAL S5SE4 ,& 
YET ! UNAVOIDABLE SOCIAL CONVULSIONS >IS+ UND] SU* CONDITIONS >E 
PROBABLY 5\< AGA9 TO EXCLUDE ! SPECULATION2 QUITE AP>T FROM ! /ILL 
WEI<TI] FACTOR ?AT UND] SU* CONDITIONS1 ) ! RET5TION ( CAPITAL 
PRODUCTION1 ITS LIABILITY TO CRISIS IS /ILL NOT DONE AWAY )1 = ?AT 
LIABILITY IS ONLY MODIFI$ BY ! M>KET & HAS ITS F9AL BASIS 9 CAPITAL 
ACCUMULATION ITSELF4 ,FROM ?IS /&PO9T1 IT IS IMPOSSIBLE TO SEE 9 ! 
CURR5T PLANN$-ECONOMY T5D5CIES MORE ?AN A NEW CONCEPTUAL =MULATION ( 
! LEGITIMATE C\RSE ( ! MONOPOLI/IC MOVEM5T ( CAPITALISM 9 ITS P]IOD 
( DECL9E4 

,! 5DEAVOR TO /ABILIZE PRES5T CAPITAL 9VE/M5TS AT !IR PRES5T 
LEVEL1 UND] ! PRETEXT ( PLANN$ ECONOMY1 IS BUT AN EXPRESSION ( ! FACT 
?AT AT A HI< LEVEL ( CAPITALI/ DEVELOPM5T FUR!R TE*NICAL PROGRESS NO 
LONG]1 AS BE=E1 9CREASES PR(ITS BUT DIM9I%ES !M4 ,?\< ! 
CONT9UANCE ( MONOPOLIZATION CAN NOT BE HALT$1 ?IS PROCESS IS AT ! SAME 
TIME ! DE/RUCTION ( CAPITALI/ S\RCES ( EXI/5CE1 9 ?AT IT ELIM9ATES 
MORE & MORE SU* ?+S AS CAPITAL DEVALUATIONS BY :I* ! LOAD ( ! 
CRISIS IS LI<T5$4 ,! OP5+ UP ( ! WORLD TO CAPITALI/ 5T]PRISE1 
:ILE BECOM+ MORE NECESS>Y1 BECOMES AT ! SAME TIME MORE DIFFICULT BY 
REASON ( ! EXPANSION ALREADY ATTA9$1 S9CE H]E IT IS"9 NOT ! 
GEOGRAPHICAL LIMITS BUT ?OSE ( ACCUMULATION :I* >E DECISIVE4 ,! MORE 
IMP]ATIVE ! IMP]IALI/IC CONFLICTS BECOME1 ! MORE DUBI\S ALSO !IR 
RESULTS4 ,9 %ORT1 ! RE/RICTION ( ! PRODUCTIVE =CES IS AT ! SAME TIME 
!IR DEVELOPM5T & ?IS DEVELOPM5T AT ! SAME TIME !IR RE/RICTION4 

,IT IS ONLY TO ONE :O HAS NEV] DELV$ B5EA? ! SURFACE ( CAPITALI/ 
PH5OM5A ?AT ?IS CONTRADICTORY MOVEM5T APPE>S TO >ISE FROM ! 
DISPROPORTION BETWE5 PRODUCTION & CONSUMPTION4 ,?\< IT CAN NOT BE D5I$ 
?AT SU* A DISPROPORTION EXI/S1 IT IS B\ND UP ) ! MAT]IAL *>ACT] ( 
PRODUCTION & CONSUMPTION1 A *>ACT] :I* 9 ! CAPITALI/ WORLD1 H[EV]1 
HAS VALIDITY ONLY = ! 9DIVIDUALS & NOT = ! SOCIAL MOVEM5T4 ,! 
COMMODITIES REG>D$ AS USE >TICLES 9 !IR MAT]IAL =M PLAY 9 ! SOCIAL 
S5SE NO P>T4 ,SO ?AT :5 ONE SPEAKS ( ! SPREAD BETWE5 PRODUCTION & 
PUR*AS+ P[]1 ONE MU/ FIR/ KN[ :AT ALL ! PLANN]S COMPLETELY NEGLECT2 
NAMELY1 :AT CAPITALI/ PUR*AS+ P[] IS4 ,HUMAN CONSUMPTION 
CAPACITY & CAPITALI/ PUR*AS+ P[] >E FUNDAM5TALLY DIFF]5T ?+S4 
,! S5SELESSNESS ( DE/ROY+ COMMODITIES1 E4G4 FROM ! /&PO9T ( 
NATURAL CONSUMPTION1 IS V]Y 0S5SIBLE0 FROM ! /&PO9T ( 
CAPITALI/ PUR*AS+ P[]1 & ANY ONE :O GETS EXCIT$ AB\T ?IS 
09SANITY0 & WANTS TO ABOLI% IT UND] CAPITALISM SIMPLY FAILS TO 
UND]/& ! PRIME MOTIVE ( ?IS SOCIETY4 ,! NATURAL NECESSITIES ( A 
C]TA9 PROPORTIONALITY BETWE5 PRODUCTION & CONSUMPTION ASS]T !MSELVES 
VIOL5TLY 9 ! 5D AGA9/ SU* 9V]T$ SOCIAL CONDITIONS & =M ! 
CONT5T ( REVOLUTION>Y HI/ORY4 

,PRES5T-DAY SOCIETY DOES NOT EV5 CONC]N ITSELF ) DET]M9+ ! 
CONSUMPTION CAPACITY OR NE$S ( SOCIETY1 9 ORD] TO MAKE A CORRESPOND+ 
ADJU/M5T ( PRODUCTION4 ,IT LEAVES ?IS TO ! 9DIVIDUALS1 :ILE ! ONLY 
SOCIAL CONC]N IS ! M>KET ON :I* ! PUR*AS+ P[] DEP5DS4 ,& S9CE 
! M>KET =CES ! CAPITALI/S TO 9DIVIDUAL ACCUMULATION1 ! ONLY DECISIVE 
FACTOR 9 DET]M9+ CAPITALI/ PUR*AS+ P[] IS ! NECESSITIES & 
POSSIBILITIES ( ACCUMULATION4 ,CAPITAL ITSELF IS ! GREATE/ CONSUM] & 
=MS ITS [N M>KET4 ,TO SPEAK ( LACK ( PUR*AS+ P[] M]ELY MEANS ?AT 
CAPITAL IS NOT MAK+ USE ( ITS PUR*AS+ P[]1 & WE HAVE TO 9QUIRE AB\T 
! REASON = ?IS FACT4 ,S9CE PR(IT IS ! MOTIVE ( CAPITALI/ PRODUCTION1 
IT MU/ ALSO FURNI% ! EXPLANATION = ?IS AB/5TION4 ,) ?IS QUE/ION WE 
COME UP AGA9/ ! LAWS ( CAPITALI/ MOVEM5T4 ,!SE LAWS >E WISELY 
NEGLECT$ BY ! !ORETICIANS ( PLANN+1 & H5CE !IR !ORIES CAN NOT BE 
TAK5 S]I\SLY4 

,V,I4 

,S9CE ACCUMULATION IS 9 PRACTICE ! CONT9UAL GR[? ( ! APP>ATUS ( 
PRODUCTION & ( ITS PRODUCTIVE CAPACITY1 ITS PROGRESSIVE EXPANSION DEV\RS A 
GREAT] & GREAT] P>T ( ! NEWLY PRODUC$ SOCIAL PRODUCT1 OR1 DIFF]5TLY 
EXPRESS$1 ( ! NEWLY WON CAPITAL4 ,! SAME PROCESS *EAP5S LABOR & 
*ANGES ! PROPORTIONS 9 :I* ! CAPITAL IS DIVID$4 ,G5]AL HUMAN ADVANCE1 
:I* CONSI/S 9 ! POSSIBILITY ( SETT+ 9 MOTION MORE & MORE MEANS ( 
PRODUCTION ) LESS & LESS LABOR1 & H5CE ( TURN+ \T GREAT] & 
GREAT] QUANTITIES ( PRODUCTS1 EXPRESSES ITSELF CAPITALI/ICALLY 9 A MORE 
RAPID GR[? ( ! CAPITAL 9VE/$ 9 MEANS ( PRODUCTION & RAW MAT]IALS 
?AN ( ?AT 9VE/$ 9 WAGES4 ,?IS FACT IS EVID5T AT ONCE FROM A COMP>ISON 
( ! CAPITAL COMPOSITION ( FIFTY YE>S AGO ) ?AT ( TODAY4 ,CAPITALI/ 
PR(IT IS1 H[EV]1 COMPUT$ ON ! TOTAL CAPITAL1 ?\<1 S9CE 9 ! F9AL 
ANALYSIS IT IS NO?+ BUT UNPAID LABOR1 IT V>IES ONLY ) ! MAGNITUDE ( 
! WAGE CAPITAL4 ,! CONTRADICTION BETWE5 APPROPRIAT$ LABOR AS ! BASIS ( 
PR(IT & ! MAGNITUDE ( ! ORGANIC COMPOSITION ( CAPITAL 7MEANS ( 
PRODUCTION & LABOR P[]7 LEADS1 ) ! FUR!R DEVELOPM5T ( 
ACCUMULATION1 TO ! FALL ( ! RATE ( PR(IT &1 AT A HI< /AGE ( 
ACCUMULATION1 TO ! ACTUAL DECL9E ( ! MASS ( PR(IT4 ,9 A WORD3 A GREAT] 
SOCIAL CAPITAL PRODUCES A SMALL] SOCIAL PR(IT4 ,?IS CONTRADICTORY MOVEM5T 
MU/ LEAD TO A SITUATION 9 :I* ! DIM9I%$ PR(ITS NOT ONLY TAKE AWAY ! 
9C5TIVE TO FUR!R ACCUMULATION1 S9CE SU* ACCUMULATION W\LD DIM9I% 
9/EAD ( PROMOTE PR(ITABILITY1 BUT 9 :I* ACCUMULATION BECOMES QUITE 
IMPOSSIBLE4 ,ABSOLUTELY1 ! PR(IT ACQUIR$ MAY BE GREAT] ?AN BE=E1 & YET 
BE TOO SMALL RELATIVELY TO ! DEM&S ( FUR!R ACCUMULATION4 ,! CAPITALI/ 
CRISIS IS BUT AN EXPRESSION ( ! FACT ?AT FUR!R ACCUMULATION IS NOT WOR? 
:ILE OR IS IMPOSSIBLE4 ,! CAPITALI/S MAKE NO USE ( !IR PUR*AS+ P[]1 
S9CE IT DOESN'T PAY !M TO DO SO OR BECAUSE ACCUMULATION CONSUMES MORE 
?AN IS AT H& = ITS PURPOSES4 ,PRACTICALLY1 !RE !N TAKES PLACE :AT ! 
!ORETICIANS WANT TO 'PLAN'3 ! PRODUCTIVE APP>ATUS WILL NO 
LONG] BE EXP&$ TO CORRESPOND ) ! HI!RTO PREVAIL+ TEMPO ( 
ACCUMULATION4 ,( C\RSE1 PR(ITS CONT9UE TO BE MADE1 BUT ?OSE P>TS SET ASIDE 
= NEW 9VE/M5TS FAIL TO REA* !IR DE/9ATION1 =1 H[EV] GREAT !Y 
MAY BE1 !Y >E TOO SMALL ) RESPECT TO ! DEM&S ( ACCUMULATION4 ,!Y 
LIE IDLE1 & ONE GETS ! IMPRESSION ?AT TOO MU* CAPITAL IS PRES5T1 ?\< 
9 REALITY ?IS SUP]FLUITY IS A DEFICI5CY ( CAPITAL3 AN EXCESS ( 
CAPITAL >ISES FROM A LACK ( CAPITAL4 ,H[EV] P>ADOXICAL ?IS MAY S\ND1 
SCI5TIFIC TRU?S ALWAYS APPE> P>ADOXICAL TO ?AT 0COMMON S5SE0 
:I* NEV] GETS BEYOND APPE>ANCE4 

,ON ?IS BASIS IT BECOMES CLE> ?AT ! OV]PRODUCTION ( COMMODITIES IS TO 
BE REG>D$ M]ELY AS A RESULT & NOT AS A CAUSE ( ! CRISIS4 ,EV5 ?\< 
ACCUMULATION IS NOT CONT9U$ & ! PRODUCTIVE APP>ATUS IS NOT EXP&$ 9 
! NECESS>Y PROPORTION1 /ILL AT FIR/ PRODUCTION GOES ON AT ! PREVI\S 
LEVEL4 ,S9CE1 H[EV]1 !RE IS ESS5TIALLY NO NEW CAPITAL 9VE/$1 SO ALSO 
ITS MAT]IAL EMBODIM5TS1 ! MEANS ( PRODUCTION & RAW MAT]IALS1 REMA9 
UNUS$ 9 !IR COMMODITY =M4 ,!REUPON1 PRODUCTION IS DIM9I%$ OR QUITE 
SUSP5D$1 WORK]S DIS*>G$4 ,! CONSUMPTION 9DU/RIES ALSO >E DRAGG$ 9TO 
! CRISIS1 :I* SOON SEIZES UPON ALL ! SOCIAL DOMA9S4 ,) ?IS1 ! 
COMPETITIVE /RUGGLE GR[S %>P]1 & ?IS LEADS TO GREAT PRICE DROPS1 
BANKRUPTCIES & ! G5]AL PR$ICAM5T4 

,FROM ?IS PO9T ( VIEW1 WE SEE ALSO ! FACTORS :I* MAY S]VE 9 
OV]COM+ ! CRISIS4 ,! CRISIS CAN BE DONE AWAY ) ONLY ?R\< ! 
CONT9UANCE ( ACCUMULATION4 ,CAPITALI/ PUR*AS+ P[] MU/ BE /R5G!N$4 
,CAPITALI/ ECONOMI/S />E 9 P]PLEXITY AT ! 0RIDDLE0 ( ! 
CRISIS4 ,IF !Y DRAW ! FAVORITE P>ALLELS ) ! PA/1 !Y SAY ?AT 
'SC>CITY' WAS RESPONSIBLE = ECONOMIC COMPLICATIONS 9 ALL 
PRE-CAPITALI/ =MS ( ECONOMY1 ?\< 9 VIEW ( ! PRODUCTIVE CAPACITY ?IS 
FACTOR (F]S NO EXPLANATION = ! PRES5T DIFFICULTIES4 ,9 O!R WORDS1 
!SE ECONOMI/S >E LOOK+ UPON ! CAPITALI/ WORLD 9 A MANN] 9 :I* IT 
CAN NOT BE LOOK$ UPON1 ?AT IS1 AS A WORLD :I* S]VES TO SUPPLY ! NE$S ( 
HUMAN BE+S4 ,?IS CRISIS TOO HAS ITS BASIS 9 'SC>CITY' - 
SC>CITY1 H[EV]1 NOT ( USE >TICLES BUT ( CAPITAL1 & ?IS SC>CITY MU/ 
BE OV]COME IF ! DEPRESSION IS TO BE WEA!R$4 ,PR(ITABILITY MU/ BE 
REE/ABLI%$ ON ! BASIS ( CONT9U$ ACCUMULATION4 ,S9CE1 H[EV]1 PR(ITS 
DO NOT FALL FROM HEAV51 BUT >E ! RESULTS ( LABOR1 !Y CAN BE 9CREAS$ 
ONLY BY RAIS+ ! EXPROPRIABLE QUANTITY ( SURPLUS LABOR :I* ! WORK]S1 
BECAUSE ( !IR SOCIAL POSITION1 HAVE TO P]=M = ! CAPITALI/S4 ,9 O!R 
WORDS3 ! RAIS+ ( CAPITALI/ PUR*AS+ P[]1 :I* ALONE HAS ANY 
IMPORTANCE1 PRESUPPOSES L[]+ ! PUR*AS+ P[] ( ! WORK]S4 
,OV]COM+ ! DISPROPORTION BETWE5 CAPITALI/ PUR*AS+ P[] & ! NE$ 
= ACCUMULATION IS B\ND UP ) 9CREAS+ ! DISPROPORTION BETWE5 
PRODUCTION & CONSUMPTION4 ,& AS A MATT] ( FACT ALL C\NTRIES1 EV5 ?OSE 
5GAG$ ) EXP]IM5TS 9 PLANN$ ECONOMY1 %[ ?AT ! PUR*AS+ P[] ( 
! MASSES 9 RELATION TO PRODUCTION IS CON/ANTLY /ILL S9K+ L[]4 ,! 
/ATI/ICAL MAT]IAL = ! ,UNIT$ ,/ATES IS AT H&3 IT %[S ?AT EV5 AFT] 
! M>* ( ! ,N,R,A ! DISPROPORTION BETWE5 ! PUR*AS+ P[] ( ! 
MASSES & ! ACTUAL PRODUCTION BECAME GREAT]4 ,& IT WAS PRECISELY 9 ?IS 
WAY ?AT A RISE OCCURR$ 9 CAPITALI/ PUR*AS+ P[] & PRODUCTION ADVANC$ 
TEMPOR>ILY4 ,BUT TO D5OTE AS PLANN$ ECONOMY ! FUR!R IMPOV]I%M5T ( ! 
POPULATION IS AFT] ALL A BIT /RONG4 

,V,I,I4 

,! V>I\S EXPON5TS ( PLANN$ ECONOMY >E WELL KN[N4 ,:ATEV] MAY BE ! 
NATURE ( !IR P>TICUL> PROPOSALS1 !Y ALL %>E ) ,JOHN ,DEWEY ! HABIT 
( VIEW+ ! PROBLEM FROM ! SIDE ( DI/RIBUTION1 EV5 :5 !Y SPEAK ( 
PRODUCTION4 ,V>I\S PROPOSALS ) REF]5CE TO MONEY1 CR$IT1 BANK+1 T>IFF1 
C>TELLIZATION1 & CONTROL ( PR(IT >E DESIGN$ TO GOV]N ! M>KET &1 
) IT1 ! :OLE ECONOMY ACCORD+ TO PR$ET]M9$ PLANS4 ,! LEGITIMACY ( 
! M>KET1 ?\< FIR/ REJECT$1 IS N[ TO BE CONTROLL$ & AGA9 MADE 9TO 
! REGULATOR ( ! SOCIAL LIFE4 ,H[EV]1 ! M>KET & COMPETITION HAVE A 
MEAN+ ONLY 9 SO LONG AS !Y WORK !IR P]NICI\S EFFECTS2 IF !IR 
OP]ATIONS >E CONTROLL$1 !Y >E DEPRIV$ ( !IR REGULAT+ FUNCTIONS & 
WE >RIVE AT ! OPPOSITE ( :AT WE SET \T TO ATTA94 ,ANY M>KET CONTROL 
BECOMES ! PRIVILEGE ( ! GR\PS ALREADY FAVOR$ BY ?AT M>KET4 ,! 
9DIVIDUAL 9T]E/S >E NOT GOV]N$ ACCORD+ TO ! PLANN+1 BUT ?IS 
PLANN+ CAN ONLY ADAPT ITSELF TO ! EXI/+ 9T]E/S ALREADY E/ABLI%$ AS 
A RESULT ( ! PREVI\S DEVELOPM5T4 

,COMPETITION IS MADE RESPONSIBLE = ! OV]-DEVELOPM5T ( ! PRODUCTIVE 
APP>ATUS1 ?\< IT IS ONLY ?IS CONT9U+ OV]-DEVELOPM5T :I* IS ! 
SECRET ( PROSP]ITY & ITS LIMITATION IS NO?+ BUT ! PHILOSOPHY ( 
CRISIS4 ,COMPETITION IS TO BE R$UC$ ?R\< ! FUR!R C>TELLIZATION ( 
5T]PRISES1 9 SPITE ( ! FACT ?AT ?IS TRU/IFICATION IS A RESULT ( 
COMPETITION4 ,IT MAY BE TRUE ?AT )9 ! C>TELS ! OV]PRODUCTION ( 
COMMODITIES MAYBE H9D]$ 7A MATT] :I* PLAYS NO DECISIVE P>T74 ,/ILL ! 
C>TELLIZATION DOES NOT H9D] COMPETITION BETWE5 ! C>TELS4 ,NOR DOES IT 
H9D] ! OV]EXPANSION ( ! PRODUCTIVE APP>ATUS2 SU* OV]EXPANSION IS 
FACILITAT$ BY WAY ( MONOPOLY PR(ITS1 S9CE EA* ( ! C>TELLIZ$ 
5T]PRISES IMPROVES & EXP&S ITS PLANTS 9 ORD] TO MAKE DIFF]5TIAL GA9S 
& RAISE ITS PRODUCTION QUOTA4 ,CAPITAL-=MATION & CONTROL CAN NEV] BE 
ATTA9$ FROM A PLANN+ /ATION SO LONG AS PRODUCTION REMA9S 9 PRIVATE 
H&S4 ,! 5T]PRISES AS WELL AS ! 9DIVIDUAL MONOPOLIES CAN CROSS ! PLANS 
( ! C5TRAL BUREAU 9 HUNDR$S ( WAYS &1 AS A MATT] ( FACT1 IT HAS BE5 
%[N 9 PRACTICE ?AT WAYS HAVE BE5 F\ND = GETT+ >\ND ! PLANS AS 
FA/ AS !Y W]E MADE4 

,& SO1 9 ! FACE ( !SE NUM]\S CONTRADICTIONS1 ! PLANN]S TAKE 
REFUGE 9 ! ILLUSION ( A /ATION>Y CAPITALISM4 ,H[EV] S5SELESS SU* A 
DEM& MAY BE1 IT IS NEV]!LESS ! LOGICAL CONSEQU5CE ( ALL CAPITALI/ 
PLANN+1 :I* !REBY1 ?\< ( C\RSE RUEFULLY1 E/ABLI%ES ITS 
IMPOSSIBILITY4 ,A /ATION>Y CAPITALISM IS ONLY ANO!R NAME = ! P]MAN5T 
CRISIS3 & EV5 H]E ! T]M FAILS TO HOLD WAT]1 S9CE ANY P]MAN5T CRISIS 
CAN ONLY LEAD TO COLLAPSE & IS ACCORD+LY NOT /ATION>Y4 ,BUT IT IS ONLY 
) A /ATION>Y1 I4E4 ILLUSION>Y1 CAPITALISM ?AT PLANN+ IS POSSIBLE1 
S9CE ANY REVIVAL PROMPTLY ?R[S ALL PLANN+ OV]BO>D4 ,& IF ! PLANN]S 
5DEAVOR1 NEV]!LESS1 TO MAKE ! IMPOSSIBLE POSSIBLE &1 = EXAMPLE1 
BELIEVE ?AT 9 SPITE ( TE*NICAL ADVANCE IT WILL BE POSSIBLE TO HOLD ON TO AN 
ACCEPT$ PRICE LEVEL-?AT IS1 IF !Y FANCY ?AT PRICES CAN BE JUGGL$ ) 
LIKE BALLS-!RE IS CONCEAL$ BEH9D !SE DREAMS NO?+ BUT A TOTAL IGNORANCE 
( ! REAL NATURE ( PRICES4 ,TE*NICAL PROGRESS1 :I* *ANGES ALL VALUES1 
OBVI\SLY *ANGES ALSO ! PRICES TO BE D$UC$ FROM VALUES2 A MATT] :I*1 9 
VIEW ( ! DECL9E ( PRICES :I* HAS ACCOMPANI$ ! :OLE ( CAPITALI/ 
DEVELOPM5T IS H>DLY WOR? M5TION+4 

,AS A PRO( ( ! POSSIBILITY ( CAPITALI/ PLANN+1 WE >E (T5 REF]R$ 
TO ! CONTROL ( ECONOMY 9 C\NTRIES AT W>4 ,H[EV]1 ! MONOPOLI/ ECONOMY 
( W> TIME WAS ONLY A MEANS TO CAPITALI/ ACCUMULATION1 TO P]PETUAT+ 
PLANLESSNESS4 ,A MAN TAKES CA/] OIL 9 ORD] TO GET WELL4 ,BUT IT WILL NOT 
OCCUR TO HIM1 M]ELY BECAUSE HE CAN1 TO LIVE ON CA/] OIL EXCLUSIVELY4 ,& YET 
SU* M5TAL D]ANGEM5T IS ACTUALLY ATTRIBUT$ TO CAPITALISM4 ,DUR+ ! W>1 
! NATIONAL ECONOMY WAS NOT SUBJECT$ TO ! MILIT>Y NECESSITIES1 BUT ! 
MILIT>Y NECESSITIES1 I4E4 ! NECESSITIES ( ! /RONGE/ CAPITALI/ GR\PS 
9T]E/$ 9 ! W>1 SUBJECT$ ALL O!R GR\PS TO !MSELVES & =C$ 
!IR WILL UPON !M4 ,H]E ALSO ! TE*NICAL POSSIBILITY ( PLANN+ WAS NOT 
PROV$1 S9CE ?IS ECONOMIC DICTATOR%IP REMA9$ TI$ UP ) ! M>KET 
ME*ANISM4 

,V,I,I,I4 

,EV5 ?\< 9DIVIDUAL !ORETICIANS ( PLANN+ GO SO F> AS TO RAISE ! 
DEM& = A 0,WORLD ,ECONOMIC ,C\NCIL10 MO/ ( !IR !ORIES /OP 
%ORT ) AUT>*Y4 ,! NATIONAL ECONOMY IS TO BE MADE 9DEP5D5T ( ! 
MOVEM5TS ( ! WORLD M>KET4 ,CAPITALI/ SOCIETY IS1 H[EV]1 B\ND UP ) 
9T]NATIONAL TRADE1 AS ( C\RSE ! :OLE CAPITALI/ DEVELOPM5T IS ID5TICAL 
) ! CREATION ( ! WORLD M>KET4 ,FROM DIVISION ( LABOR )9 ! 
SEP>ATE NATIONS >OSE 9T]NATIONAL DIVISION ( LABOR1 & ! LATT] CAN NO 
MORE BE GOT AWAY FROM ?AN ! FIR/4 ,IT MAY BE OBJECT$ H]E ?AT 9DIVIDUAL 
C\NTRIES1 SU* AS ! ,UNIT$ ,/ATES1 >E CAPABLE ( A SELF-SUFFIC+ ECONOMY 
BY REASON ( !IR MANIFOLD NATURAL WEAL? & >E TO BE DI/+UI%$ FROM 
C\NTRIES LESS BLESS$4 ,NEV]!LESS ! V]Y POSSIBILITY ( AUT>*Y AT ! 
SAME TIME PRECLUDES IT AS AN ACTUALITY4 ,! V]Y DIV]SITY ( ! GEOGRAPHIC1 
CLIMATIC & CULTURAL CONDITIONS ( ! ,UNIT$ ,/ATES >E AN OB/ACLE TO !IR 
UNIFI$ COORD9ATION1 = ?IS DIV]SITY1 UND] CAPITALISM1 IS NO?+ O!R 
?AN A MULTIPLICITY ( MUTUALLY HO/ILE 9T]E/S :I* >E NOT V]Y 
DI/+UI%ABLE FROM ?OSE ( ! CONT95T ( ,EUROPE1 EV5 ?\< !IR =MS 
>E DIFF]5T4 ,H[EV] SMALL MAY BE ! P>T ( =EIGN TRADE 9 /ATI/ICS1 IT 
IS NEV]!LESS A QUE/ION ( LIFE & DEA? TO :OLE SOCIAL GR\PS4 ,H[EV] 
DECISIVE MAY BE ! DOME/IC M>KET1 :5 OV]-ACCUMULATION SETS 9 ! 
IMP]IALI/IC COMPULSION BECOMES ! DOM9ANT FACTOR1 = ! 9SUFFICI5T 
PR(IT AT HOME COMPELS TO ! CONQUE/ ( ADDITIONAL S\RCES ( PR(IT4 ,:ILE 
AS REG>DS 9DU/RY1 AUT>*Y IS IMPOSSIBLE EV5 9 0W> 
MANUFACTURE10 SO AS REG>DS AGRICULTURE1 AS ! BE/ EXP]TS BE> 
WITNESS1 IT IS QUITE \T ( ! QUE/ION4 ,PLANN$ ECONOMY & CAPITALISM >E 
IRRECONCILABLE CONTRADICTIONS2 ! ONE EXCLUDES ! O!R4 ,IF AN ECONOMY IS 
PLANN$1 !N IT HAS ALSO CEAS$ TO BE A CAPITALI/ ECONOMY4 

,FROM 3 ,M>XI/S4ORG4 

,*RONOLOGY 3 
,M>* #b1 #bba 3 ,! ,NONS5SE ( ,PLANN+ -- ,ADD$4 
,JANU>Y #h1 #bbb 3 ,! ,NONS5SE ( ,PLANN+ -- ,UPDAT$4 

 FILE G5]AT$ FROM 3  
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