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Equality and Scarcity*
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Aug 9th 2021, Prabhat Patnaik
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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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