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'''Anarchy of production''' is a [[Marxist]] concept that all [[commodity production]] under [[private property]] in volatile and chaotic, leading to crises of [[overproduction]], [[underconsumption]], and economic crashes, such as the [[Great Depression]] of the 1930s and the [[Great Recession]] of the late-2000s. This is why Marxists propose [[planned economy|planned economies]], as opposed to [[market economy|market economies]], as they are more stable. | '''Anarchy of production''' is a [[Marxist]] concept that all [[commodity production]] under [[private property]] in volatile and chaotic, leading to crises of [[overproduction]], [[underconsumption]], and economic crashes, such as the [[Great Depression]] of the 1930s and the [[Great Recession]] of the late-2000s. This is why Marxists propose [[planned economy|planned economies]], as opposed to [[market economy|market economies]], as they are more stable. | ||
[[Category:Marxist terminology]] | |||
Latest revision as of 15:53, 6 November 2024
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Anarchy of production is a Marxist concept that all commodity production under private property in volatile and chaotic, leading to crises of overproduction, underconsumption, and economic crashes, such as the Great Depression of the 1930s and the Great Recession of the late-2000s. This is why Marxists propose planned economies, as opposed to market economies, as they are more stable.