Over time, the Soviet Union developed a system of centralized planning that became synonymous with socialism. How did the system work? What did it get right? And why did it ultimately become so associated with shortages and stagnation?

On the latest episode of Confronting Capitalism, Vivek Chibber and Melissa Naschek discuss the ambitions and challenges of economic planners, and why the defects may be hardwired into the structure of central planning.

The latest issue of Catalyst is out and you can subscribe for just $20 using the code CONFRONTINGCAPITALISM: https://catalyst-journal.com/subscribe/?code=CONFRONTINGCAPITALISM

Read show transcripts here: confrontingcapitalism.substack.com

Have a question for us? Write to us by email: confronting.capitalism@jacobin.com

Throughout the 20th century, socialism came to be associated with both central planning and shortages. But could democratic ownership of the economy work alongside market competition?

On the latest episode of Confronting Capitalism, Vivek Chibber examines different models of socialism that might be viable in the 21st century.

The latest issue of Catalyst is out and you can subscribe for just $20 using the code CONFRONTINGCAPITALISM: https://catalyst-journal.com/subscribe/?code=CONFRONTINGCAPITALISM

Also, don’t miss Jacobin’s May Day sale! Use the code MAYDAY2026R at checkout to get a yearlong digital subscription for $1, or $10 for the print edition: https://jacobin.com/subscribe/?code=MAYDAY2026R

Have a question for us? Write to us by email: confronting.capitalism@jacobin.com

How effective has the Left’s political strategy been since the first Bernie Sanders campaign? And how has our relationship to the Democratic Party changed?

On this special episode of Confronting Capitalism, recorded live at Littlefield in Brooklyn on April 6, Vivek Chibber and Melissa Naschek are joined by Krystal Ball and Matt Karp to discuss how class politics can convert popular anger into durable power — and why rebuilding labor is the precondition for any serious democratic renewal.

The latest issue of Catalyst is out and you can subscribe for just $20 using the code CONFRONTINGCAPITALISM: https://catalyst-journal.com/subscribe/?code=CONFRONTINGCAPITALISM

Have a question for us? Write to us by email: confronting.capitalism@jacobin.com