e government controls everything and does not allow the prices to rise and dip as extremely as $11.00/barrel of oil to $29.00/barrel of oil. This makes a controlled economy much more steady and secure. Sudden drops and hikes are virtually unknown to a centrally planned economy and the economy benefits from that.The government of a central economy can control monopolies in large companies. In the late 1800's a man named John D. Rockefeller owned 90% of the oilrigs in America. Because he had horizontally integrated this business, Rockefeller could control the prices of the oil by supply and demand. Society was greatly hurt by this because if he felt like making a few extra bucks one week, with the snap of his fingers he could have all the citizens of America paying extra prices for oil. Eventually the government intervened and put an end to his monopoly, but if he had been doing business in a pure market economy, Rockefeller would be a very controlling and powerful individual. In a centrally planned economy, there are no legal monopolies because the government interferes for the sake of public good.In a centrally planned society today, there is a sense of equality. There are no extremely rich businessmen controlling the market, but still there no one is so greatly below the poverty line that they could possibly die from starvation. An important value of sharing is taught by a controlled economy. The working citizens realise that because they are fortunate to be employed they must try and financially help the ill and injured. They feel an obligation to help wherever they possibly can. This idea of Marxism greatly increases the values that are stressed in everyday life.Finally, I would like to comment on how a central economy functions as a whole. The government looks ahead to the future of their country and sees the areas that will eventually be needed or will have a shortage. The govt. then takes young children who are talented in one are...
