One of capitalism's oldest myths is that of the efficiency of the so-called 'free-market' and its superiority to a socialist planned economy. Defending economic planning, this talk responds to the libertarian ideas of the Austrian School of economics, whose 'theories' amount to vitriolic support of the unrestricted rule of capital at the expense of the needs of society.

Want to learn more? Adam's article on Marxism vs libertarianism is available in the latest issue of In Defence of Marxism, the theoretical journal of the International Marxist Tendency. Get your copy: https://www.socialist.net/subscribe

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