Questarian-type economic planning
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Questarian-type economic planning (KTP, sometimes QTP) refers to the specific system of economic planning used in the Questarian Commonwealth after its communist revolution. Questarian-type planning refers to the whole apparatus of state planning and organisation of industries.
The system involves a centrally designed plan, with budgets and investments allocated by a central authority, but with individual decisions made by trades union. KTP is characterised by the use of computers to achieve linear optimization, economic plans approved by the legislature, and individual worker control of industries.
All enterprises in Questers are owned by their workers. Workers elect delegates to the trade union, who are then further delegated to the Trades Union Congress. The state does not own industries or enterprises, although it is responsible for assigning the budgets for particular industries. Industries are self-organising via their Trades Unions, which can distribute budgets across the country as required. Some industries, such as construction, energy, and defence industry, are totally state-run.
The trade unions of specific industries are responsible for, in each year, determining the total output possible for the inputs assigned by the plan. Workers make decisions about the enterprises they work in, and the Trades Union Congress bargains with the planning authority, the Central Planning Board. If the Board wants to increase the output of Land Rovers by 5,000 units, it will consult with the relevant union. The union will inform the Board the required budgetary increase, which may include (a) more inputs, like rubber or metals (b) more capital machinery (c) increased wages because of longer working hours or (d) more workers or more training for existing workers.
Both the Board and the union has access to all real-time economic information due to all enterprises being linked by either telex or broadband line to a central computer system. Supercomputers use linear programming to assist the Board and the relevant union to achieve a balance. New plans are made every four years, with major adjustments every two years and minor adjustments weekly.