Equality and Scarcity*

Aug 9th 2021, Prabhat Patnaik
Long queues of consumers in socialist economies were a source of derision in the West and were attributed to the inefficiency of the socialist system. However, it was not caused by any inefficiencies; it reflected the fact that the system was concerned about keeping down the inequality in income distribution.
  
* This article was originally published in People's Democracy on August 8, 2021.


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