Question

Were the Five-Year plans the best way to move the Soviet economy forward?

Answer 1

They were not, they led to massive waste because of overproduction or massive penuries.

Explanation:

Unlike a free economy, the economy of the Soviet Union was controlled by the state. It meant both planification and collectivization. State control implies that the law of supply and demand does not apply and thereofore liberal economists such as Ludwig Von Mises clearly asserted that the shirking to such a basic law of the economy would bring massive economic disaster. Von Mises foresaw what he considered the inevitable collapse of Socialism in the Soviet Union.