Marxist Winter School #4: The need for a socialist planned economy

Since the 1920s, capitalist economists have argued that a socialist planned economy would be unable to distribute goods and services as well as a capitalist market economy. However, this argument is not supported by experience. In this episode, Fightback organizer Vincent Beaudoin looks at how examples of large-scale economic planning beat out market-based methods, and makes the case for a socialist planned economy.