US wartime capitalism was run on Soviet-style central planning

Evidence

And there’s the irony. In the 1960s, a decade marked by an ideological and nuclear clash between America and the Soviet Union that almost blew up the world, Soviet planning principles were implemented with remarkable success in … the United States. Irony has seldom taken a more effective revenge over earnest ideology. — Yanis Varoufakis, Technofeudalism, 158 (#corroborates, via linked claim)

The political scope of these upheavals was terrifying. Paradoxically, to promote capital accumulation, the state intervened with maneuvers so extraordinary that they overturned the social consensus on which the system rested: the idea that it was a spontaneous, untouchable, and natural order. At that critical juncture, the state opened economic analysis to political discussion. Policies cementing private ownership of the means of production and wage relations were now debatable. — Clara E. Mattei, Escape from Capitalism, 169 (#expands, via linked claim)

But these massive wartime interventions exposed an inconvenient fact. Economic forces never operate independently of society’s political dynamics. If the state could mold the economy to serve the needs of war, in peacetime it could mold it to promote the well-being of those whose sweat, muscles, and brains are the basis of national prosperity. The war had demonstrated “the profoundly political nature of the capitalist economy.” — Gary Mongiovi, Austerity Is an Antidemocratic Strategy…, 29 (#expands, via linked claim)

Categorization

  • corroborated: 2 independent passages support this claim
  • XREF: connects to: Even free-marketeers accepted central planning for nuclear defense — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 285; American capitalism secretly adopted Soviet centralized planning principles in the 1960s. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 158; US post-war grand strategy followed an open-door economics-and-control playbook (+18 more)

Broader Connections