Why do command economies believe that an authoritarian system is more efficient than the price system for allocating scarce resources?

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2026-03-02 17:40

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Command economies believe that an authoritarian system is more efficient than the price system for allocating scarce resources because it allows for centralized decision-making and the direct control of resources. This can lead to quicker implementation of policies and the ability to prioritize national goals over individual interests, thereby avoiding market inefficiencies and fluctuations. Additionally, it aims to ensure equitable distribution of resources, which proponents argue can reduce inequalities inherent in market-driven economies.

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