What are the effects of economic central planning on day to day lives?

Jump to Last Post 1-6 of 6 discussions (6 posts)
  1. leroy64 profile image82
    leroy64posted 7 years ago

    What are the effects of economic central planning on day to day lives?

    What is the practical difference between a government with a centrally planned economy and an absolute monarchy?  I am assuming that a centrally planned economy requires a certain amount of centralized political power.

  2. Man from Modesto profile image82
    Man from Modestoposted 7 years ago

    As far as the central banks of today go, and the IMF in the planned global economy of the future:

    Our daily lives are less and less free. Look at the economic collapse of Argentina in recent decades. The banks were a major factor. When the nation began to struggle, interest rates averaging about 26% forced many small businesses to fail.

    Central banks are weapons against the common man.

    Notice also that the IMF requires nations to sell off major assets to private ownership before the nation can become member to the IMF.

  3. NotWiredThatWay profile image60
    NotWiredThatWayposted 7 years ago

    The way things are today, is their really a difference?  Either way government is manipulating the system, supposedly to "improve" the economy.  Doesn't look like it's working no matter who is pulling the strings and no matter on what shore you happen to wash up on.  Capitalist, Socialist, Communist, they all have major economic problems.  A central planned economy doesn't work.  At least not the way our country is running the show.  Gobble up bad debt?  Print more money?  What?

    A prime example is today's headline of the US bolstering Greece's financial woes.  I don't get it and I'll tell you why.  Below I've translated how I see the situation in layman's terms.

    A guy walks in to a bank and asks for a loan.  His credit is so bad he's on the verge of bankruptcy. (This would be Greece).  The guy has a long history with the bank and and up until his recent problems, was a very good customer, so the bank tells to the guy.  "You get someone in good standing to co-sign for you and we'll see what we can do about giving you a loan."

    So the guy comes back to the bank with his powerful friend (This would be the US).  The friend says he will co-sign the loan.  The bank checks out the friend and finds out that the friend (US) is in worse shape than the patron (Greece) who brought him into the bank.  The friend (US) dresses well, speaks well, and knows all the right things to say about money and investments but his accounts are nearly empty and what little he funds has are leveraged up to his eyeballs.

    The bank, being rational in this case, which is very rare.  Throws them both out.

    But as well all know in the real world, that is not what happened.  Sorry to have digressed.

  4. someonewhoknows profile image73
    someonewhoknowsposted 7 years ago

    They don't all operate quite the same.Some are monarchies ,some are not.The unitedstates federal government seems to belong to the corporations or foreign interests.Like Israel as well as Islamic nations.Including England

  5. profile image0
    Giselle Maineposted 7 years ago

    Theoretically there may not be vast amounts of difference.  But in practice, I would imagine that an absolute monarchy wouldn't be interested in strongly regulating the markets etc, whereas a centrally planned economy would (by definition).  So I think we would see more free trade and supply-and-demand in a monarchy, and more price-fixing, quotas and tariffs in a centrally planned economy.

  6. profile image50
    erivanposted 7 years ago

    Hello dear, I am Mark Roland. Sometime ago i was a need of a loan to transact a business i ran to my bank to take up a loan but they refuse to grant me because of my credit check,so a friend of mine introduce me to a legit lender that she got loan from sometimes ago at first i was scared but i decided to give them a trier to my greatest surprise my loan was approved an transfer to my bank account without any form of cosigner, collateral, debit check with 2 percent rate, so i will advise anyone at there that need a loan to contact them via this email, {youngleeloanfirm@yahoo.com.sg}


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)