Question reads "There are a large number of supporters for the command economy and welfare state. A question arises as to which system is better. Suppose you are required to support the position that the command economy is vastly superior, State some arguments that could be used to defend this position. This one really has me stumped, from what I read the welfare State seems a lot better than the command economy, so I'm having troubles finding arguments that will make the command economy look superior, unless I'm missing something. Any links or something that could help me out with this? Anything would be greatly appreciated.
Here are a number of sites that will help with this.
http://www.google.com/search?hl=en&ie=ISO-8859-1&q=benefits+of+command+economy&btnG=Search
A command economy provides for all of its citizens -- so in a sense, the entire government has social services.
Almost 14 years ago, I was in Vietnam which has a command economy. We spent two days with a government social worker who took us to the baby my friend was adopting. He handled the paper work, and I'm sure was informally assessing her as a suitabile parent.
Oh, I see. Thanks for you help guys. :)
When arguing that the command economy is vastly superior to the welfare state, it is important to keep in mind that this is just a hypothetical exercise and not reflective of the real world. However, to help you with your task, here are some arguments that could be used to defend this position:
Argument 1: Efficiency and Resource Allocation
- Supporters of the command economy argue that it allows for better efficiency in resource allocation. By centralizing decision-making power, the government can prioritize and direct resources towards key sectors and industries, leading to better overall economic planning and development.
- In contrast, they may argue that the welfare state, which relies on market mechanisms, can lead to inefficiencies, such as overproduction or underproduction of goods and services, due to the fluctuation of market demand and supply.
Argument 2: Social Equality
- Advocates of the command economy may argue that it can bring about a more equitable distribution of wealth and a reduction in income disparities. With the government in control of economic decision-making, they can enforce policies that aim to provide equal opportunities and ensure basic needs are met for all citizens.
- In comparison, they may claim that the welfare state, even though it addresses some social inequalities, relies on market forces that could still perpetuate income disparities and social stratification.
Argument 3: Stability and Planning
- Proponents of the command economy could emphasize the stability and long-term planning it provides. With the government setting production quotas, wages, and prices, they can create a more predictable and steady economic environment, minimizing the volatility and uncertainties inherent in market-driven systems.
- On the other hand, they may argue that the welfare state, while offering certain stability through social safety nets, may still face market fluctuations and recessions that can negatively impact social welfare programs and lead to unforeseen consequences.
Remember, these arguments support the hypothetical scenario of a purely command economy being superior to a welfare state. In reality, most economies combine elements of both systems to varying degrees. Nonetheless, exploring different points of view can enhance our understanding of economic systems and their strengths and weaknesses.
While there is a abundance of literature available on this topic, you may find it helpful to look up academic articles, case studies, or debates that discuss the trade-offs associated with command economies and welfare states. This will provide you with a balanced understanding of the arguments from both sides.
The command economy and the welfare state are about the same. The government makes all of the decisions and makes sure the people's needs are sufficiently met.
http://en.wikipedia.org/wiki/Planned_economy
Are you supposed to decide between a command economy and its opposite an unplanned or market economy?