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"It is indeed paradoxical that, while the apologists of capitalism usually consider the 'price mechanism' to be the great advantage of the capitalist system, price flexibility proves to be a characteristic feature of the socialist economy."

— Michal Kalecki
michal kalecki Quotes Flexibility,Mechanism,Characteristics

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M
Michal Kalecki
Flexibility
Mechanism
Characteristics
Capitalist
Paradoxical
Socialist
Socialist Economy

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Under communism, prices were not allowed to reflect economic reality. Under capitalism, prices don't reflect ecological reality. In the long run, the capitalist flaw -- if uncorrected -- may prove to be the more catastrophic.

— Denis Hayes

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