October 21, 2022

CURRENT NEWS
NETWORK (CNN)
Whos the author?
The author directed to write
this piece or editorials name is
Dylan ODonoghue. He is a
member of a new rising party,
called planned left. Dylan
ODonoghue was instructed to
write an opinion piece
because he has a very valuable
opinion stated PM Courtney
Dvorkin.

What is the
Planned Left
Party?
The planned left party is a new
rising party created by the PM
herself. The reason for this
action was because of the
plummeting economy. Dylan
ODonoghue whom is the
leader of the party has very
important opinions to express
and solutions to this national
crisis. This is the main reason
he was appointed leader. The
Calgary Board of Education
plucked him out of many to
voice his innovative opinions
upon the unstable economy.

SCARCITY IS SCARY WHEN

UN-PLANNED EDITORIAL
In our country we are in great need of resources as scarcity is
starting to shape everyone's worldview (values). This new oil
source is beneficial to strengthening our society and keeping our
economic status over the minimum. Right now we are in need of
strategies to provide us with this very important resource. We
have been moving away from the theories of the Green Party, as
we need more technologies and machinery (labor) to compensate
for the loss of resources.
I truly believe that shifting more to a planned economy, so left
on the economic continuum, could recover our failing economy.
The reason I want to shift left is because this way the
government or central authority can regulate the resource

October 21, 2022

What is a Planned
Economy, which
Planned Left plans
as a solution?
In the planned economy the
central authority,
government, makes any
decisions regarding FOP and
resource/good consumption.
Central planning aims to
increase productivity and
lessening the battle for
resource consumption. Also
consensus among the power
can decide where to put
taxes and investments, which
would be towards resources.
In a planned economy the
only businesses that can be
started are state owned
(crown corporations) and
private enterprises. That is, a
planned economy is an
economic system in which
the government controls and
regulates production,
distribution, prices, etc.

consumption and production, according to whom will be

consuming and producing . By doing this we can ration the
lowering resource and make sure this resource does not plummet
even more than it currently has. By switching more towards a
planned economy we can limit the competition between
consumers and purveyor. When we limit the competition for
everyone, people cannot be wealthier according to resource
consumption, or more superior to others, evening some of the
occurring inequalities. If we were to raise the competition by an
uneducated idea, the demand for this product would spike
meaning the supply would drop to an all time low. When there is
very little supply of this resource, and such high demands, the
marketers are forced to raise prices making the wealthier have an
advantage over the less fortunate. This is a problem because this
resource is a need, not a want. When only half the society is able
to aord this essential there will be very many not happy, and
suering citizens across Canada. This is what Market economy
could do to the already unstable Canadian economy. My
reasoning is, if we switch more to a market economy or a shift
right we would be creating even more consumer choice, meaning
all these individuals whom research and have experienced the
lowering resource first hand will stalk pile (as I would). When this
happens, the demand will also go up for this good raising prices
and not allowing less fortunate individuals to receive this good
not just in Canada but anywhere in the world.
Rather than worrying about what we cant control we should be
coming up with solutions as a strong united country. In order to
stop this scarcity we must address the factors of production all
across Canada. The first question that is addressed by the
government would be, what is needed or wanted? This question
would be straightforward for the planned economy, as individuals
will need to be provided with a ration of the lowering resource in
order to keep functioning as a society. But no extra rations can be
provided to individuals, as this free will activity would lower the
resource even more than it needs to be. A market economy would
encourage this free will action and have a much more complex
solution, or make this a much more complex issue. In a market
economy no consumption laws would/could be put into place, as
individuals will be forced to provide for themselves, encouraging
individualism. But what if they cant because of high prices? Then
we would be back at square one. The second question that is
2

October 21, 2022

addressed, how will it be produced? Honestly, this issue is surrounding this question. The scarcity is
coming from lack of production, as there is equilibrium between production and consumption. When
there is a lack in production and an equal consumption rate, this leads to all kinds of issues. In an ideal
world we wouldnt be aected by scarcity but this problem is very real and is aecting many lives, unless
we can find a solution to question two. We need innovative citizens. Question three consists of, who will
get this resource? This resource is already being provided to all the citizens of Canada plus non-citizens,
so all residents. According to quality of life of the citizens with Canada, I know that the wealthier
members of society may not be happy with the new ration policies around oil but there are at least if not
more of the society is made up of middle class. So we are evening the inequalities with oil consumption
and allowing all classes the ability to consume. Making the quality of life better for all of middle class and
poorer citizens. When there is a growing supply once again the citizens will get an increased ration, but
we as a society wont shy away from a planned economy, as I believe this economic style will stop scarcity
on a national level, improving our quality of life as a nation.
FOR MORE BACKGROUND INFORMATION CHECK OUT THE SITES I USED:

https://en.wikipedia.org/wiki/Planned_economy
https://en.wikipedia.org/wiki/Mixed_economy
http://www.investopedia.com/terms/m/mixed-economic-system.asp
http://tutor2u.net/economics/gcse/revision_notes/basics_factors_of_production.htm

TIME FOR CHANGE

SHIFT LEFT