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Decaying capitalism always end in fascism.
(lemmy.ml)
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this post was submitted on 16 Jul 2023
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Planned economies are grossly inefficent, a handful of planners creating chains of production results on an economy that works only on paper.
Marxism works as a critique of lassiez-faire capitalism, but as a standalone system always results in the creation od totalitarian regimes. A well regulated market economy, with publicly funded infrastructure and services has the best of both worlds.
Planned economies are actually very efficient, look inside of Walmart and Amazon, and what you'll see is a ton of planning, this planning isn't based on 'a handful of planners', but instead based on a fuckton of data, usually collected and analysed via SAP business planning software. These companies are able to respond to trends and price goods in a way that their profits remain high, and both of these companies at least have some of their supply chains under full control for themselves.
I'm pretty sure we can create this kind of planning and enact control over it for different goals apart from profit, and there are countries where this is already being tried like here
Walmart is not the whole economy, who told you that? They are merely one of the actors
Even if the data collection software was perfectly informed in regards to goods and services (very doubtful) it is still a bad idea to put the reins of economy into the hands of a few people. Consolidation of state power and the power of capital into a single entity has resulted in totalitarian regimes. Even the examples listed are basically exemplars of everything bad about modern corporations. Putting politicians in charge of such a system won't automatically make it a force for good.
I’ve seen the opposite in places like the UK where privatization of public utilities has lead to very high prices, poor customer service, and under investment across the board.
Marx never devised any kind of "system" and there has never been a Marxist revolution (if you mean, of the kind Marx predicted would occur). Marx thought revolution would result from the concentration of labour in factories in heavily industrialised countries but so-called Marxist revolutions have only happened in agrarian economies so far.
It turns out that fascism (which is power protecting itself) is the primary beneficiary of crises of capitalism because they happen when labour is at its weakest.