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Thankyou for the reply. I was just wondering so a planned economy and nationalisation is a bad thing for the economy? Its just because the top rated guide on the steam page says that a planned economy relies on nationalisation so I was struggling to find out what I was doing wrong.
It depends on different approaches, even a free economy can go south if the approaches are not correct, if you want to go nationalizing and planned economy path, do everything I said but instead of privatizing, nationalize the companies and arrest the oligarchs, take their deals too, you can always backstab them later
Planned aconomy = morr government control. Capitalism = invisible hand/let free market dictate it. Government having more control on a company = planned economy.
Planned economy = nationalisation
Raising taxes on big ones and lowering taxes on small ones would generate less employment but would increase self-employment. It's distribution of wealth if you will. Obviously, budgets would be sigbuficant the larger the market share of a business is. Generally speaking, more taxes means more for government, means more money to nationalize services.
Having other companies or private interest regardless of their citizenship owning shares is privitisation. Generally speaking, the more % of shares government owns, the more nationalized a company is.
Getting trade deals from arcadia which is known capitalist country isn't getting symphaties from planned economists/communists.
Infrastructure projects are one way planned economy put their money on since govenrnment spending = hiring more people and to offset the taxes you did above. Hiring government company is also planned economy.
Gamewise and in the real world, regardless if your stance is planned economy and privitisation, corruption is your enemy. There is nothing wrong with planned economy, refuting what Devdevil said, but the latter parts of USSR's economy had been riddled with corruption that put a dent on their system. Likewise with hyper capitalist world (USA is a mixed economy/interventionist) where there is no government intervention, corruption would take place on inequality with the lowest classes as wage slaves, not earning enough for a liveable wage (which is also USA atm). USA's current predicament is the corruption of big corporation/private interest through lobbying and elector donors. Play plutocracy to have an idea.
Gamewise economically, your battle is against corruption from both sollist regime and oligarchs. Sollist regime has handa on every government machine. Politically (constitutional amendments), your biggest hurdle is against the sollist faction and they tend to favor nationalisation since they get money being the government themselves.
The game is a balancing act politically and economically to win re-election at the end.
https://www.neoseeker.com/suzerain/guides/Decision_Prompts_Guide_and_List