A capitalist planned economy was economically viable, blocked only by political will
Evidence
But Pollock had no doubt that, from a purely economic point of view,
this crisis' (the world economic crisis)can be overcome by capitalist means and the “monopoly” capitalism is capable of continued existence for a length of time which cannot at the moment be foreseen’. In Pollock’s eyes, a capitalist planned economy was just as much a possibility as a socialist planned economy, and only political considerations argued against the former. — Rolf Wiggershaus, The Frankfurt School, 484
Categorization
- XREF: Connects to the Law Merchant readings on how institutional design shapes market viability; also to Marxism debates on planned economies vs. capitalism’s self-correction. — connects to: Pollock saw capitalist planned economy as viable as socialism by 1930s — Rolf Wiggershaus, The Frankfurt School: Its History,…, 484; Fordism marks a forced passage from economic individualism to a planned economy — Antonio Gramsci, Selections from the Prison Notebooks, 1031; Capitalism’s governing order rests on fragile political balances, not inevitability. — Clara E. Mattei, Escape from Capitalism, 140 (+2 more)
- corroborated: 2 independent passages support this claim — Rolf Wiggershaus, The Frankfurt School: Its History,…, 484
Broader Connections
- Capitalism’s governing order rests on fragile political balances, not inevitability.
#qualifies(0.80) — Clara E. Mattei, Escape from Capitalism, 140 - Fordism marks a forced passage from economic individualism to a planned economy
#corroborates(0.78) — Antonio Gramsci, Selections from the Prison Notebooks, 1031 - Neoliberalism activates the state for the economy rather than withdrawing it.
#qualifies(0.73) — Wendy Brown, Undoing the Demos, 106 - Friedman came to see monopoly as persisting only through explicit government support
#corroborates(0.72) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1116