Personal Consumption Quotes

“A very important feature of the traditional model was its adverse effect on personal consumption. Aspects of this were:

– Widespread shortages and queues. The long time devoted to shopping, the intermittent supply of basic consumer goods and the long waiting lists for durables such as housing and cars were notorious features of the traditional model;
– A very limited assortment of goods and services, with many imported goods and some very important services, such as repairs to housing and consumer durables, being almost unavailable in the legal economy;
– Poor quality and availability of food products;
– Poor quality of manufactured consumer goods;
– Slow introduction of new consumer goods.”
― Michael Ellman, Socialist Planning