ABSTRACT
Real Planning involves the control of the money machine, and the adoption of a monetary policy designed to make possible the full use of the available resources of production. A great many capitalists are so fearful of the raising of this fundamental issue that they regard those of their fellow-capitalists who do advocate a planned system as dangerous heretics, either disastrously deluded or well on the way to turning into Socialists. The position may indeed possibly be altered where Capitalism, in defending itself against Socialism, has taken the offensive and overthrown the parliamentary regime. A dictatorship of the property owners, immune from overt criticism in Parliament or outside it, may venture to make and enforce a comprehensive plan. A pricing policy designed to encourage or discourage particular kinds of consumption can be framed only in the light of a given income structure.
