Klejton’s Reviews > Understandable Economics: Because Understanding Our Economy Is Easier Than You Think and More Important Than You Know > Status Update

“In this scenario, the government owns everything and makes all the decisions. It decides how much food to produce and how much coal to mine. It decides who gets the mansion on the coast and who gets stuck with a cramped apartment near the factory. Karl Marx wrote about this collectivist system…”

Sure he did bud