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this post was submitted on 30 Jan 2024
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Belarus doesn't have a centrally planned economy, it uses more of a classic Keynesian approach.
I don't know if i'd describe it as "Keynesian" but yes you are right, it's not "centrally planned" in the traditional sense. Most of the countries i mentioned do not have centrally planned economies. This is not about central planning, it's about state driven vs liberal "free market" models. Economic planning is just one tool that a state can employ to guide and shape its economy. The key distinction here is about who ultimately has the power. Does the state control capital or does capital control the state?
What matters is if capital controls the government. The state can manage the economy in the interests of the capitalists or the workers. It can manage it to a greater or lesser extent. State run companies would make it a greater extent, but its socialist or capitalist character is in who controls the government and where the surplus goes.