Democratically planned economy

The Socialism of the 21st century we are fighting for is a socialism where the economy is in the hands of the working class and is democratically planned. Immediately after the successful socialist revolution, the working class will socialise the banks, key financial institutions, transport and utility companies and major industries. Family enterprises and peasant economy will remain as private property and will be integrated in a plan for economic development.

In the end, however, the economy will never achieve its optimal development as long as significant parts of it remain in private hands. Of course, with regard to small scale production and property, such as peasant farms, socialisation should proceed cautiously and voluntarily, on the basis of agreement, and not by force as the Stalinist bureaucracy did.

The Socialism of the 21st century we are fighting for is therefore a socialism where people own the economy together and work together. We reject the vision of a Socialism based on autonomous cooperatives. Of course, for a transitional period after the revolution, there may well be cooperatives. But we have to be aware of their inherent dangers; competition between the cooperatives would inevitably lead towards the redevelopment of a market economy and, in the end, capital accumulation and concentration and the re-emergence of classes.

When there is no private ownership of the economy, "ownership" will be vested in those who produce, and those they produce for, at the appropriate level; local, regional, national, international. Anything that can be decided locally will be. Broader allocations of resources and exchanges of products will be done at a national, regional or world level. Since there will be no competitive struggle for profits, no hidden privileges for bureaucrats or experts, there will be no need for secrecy. Information about resources and decisions will be available to all.

We would not have a single, monstrous, bureaucratic central plan, such as existed under Stalinism, where everything was decided in one place by a caste of privileged bureaucrats. Under real socialism, what will exist will be an ascending series of plans at all appropriate levels, each decided on after debate in a workers' and consumers' democracy.

Such a democratically planned economy is not a dream as the bourgeois propagandists claim. Via modern technologies it is possible to communicate needs and necessities and to coordinate production and transport across the globe in seconds. Indeed, every modern multinational corporation works this way. But, in contrast to the capitalist corporations, we will utilise the achievements of modern technologies not for the profit of a few but for the wealth of humanity as a whole.

Workers, peasants and youth: we have a World to Win with Socialism and to Loose with Capitalism! Let us march forward to Socialism to save humanity from the horrors of capitalism!



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