For the poorer sections of society, a state controlled economy is better than a liberalized economy. (IIMC

* The state has control over the production and the markets helping the poorer sections to avail benefits which they otherwise would have been deprived of.
Against:
* The communist countries are a bright example that state controlled economies do not result in uplifting the poor.
* As history stands a proof state controlled economies have higher rates of corruption and mismanaged economies.
* A liberalized economy with sound regulatory framework will ensure employment and a healthy economy.