The planned economy, also known as central planning, socializes the control of all economic resources into the hands of the state. All economic decisions are made by the state, and the market is excluded from functioning in the state in question. This policy allows the player the same breadth of action as state capitalism, but bans capitalist initiative entirely. It also carries a required taxation level of 50%. This policy is really the ugly step-sister of state capitalism, carrying additional disadvantages but no significant advantages. However, after HoD this is longer true as the negative modifiers have been removed and planned economy now gives a +5%
boon to factory throughput. This Policy also means the rich strata is no longer important to the economy, meaning you can demote all capitalists and aristrocrats. meaning you will no longer have to succumb the burden of satisfying the rich strata.