Which economic system is correct?

by **Nevertopia** » Fri Dec 04, 2020 9:18 pm

As title says, which economic system is most likely to be true? There exist many economic systems in our world today, practised by different people and with varied histories and beliefs. So, which one of them do you believe to be correct? Which one answers the most questions correctly, or which one makes the best arguments, which one is most logical? Is Socialism more correct than Communism? What about Capitalism and Mixed Economies? Can they even be compared?

In my opinion, the most likely economic system to be true is a mixed economy. My reasoning is that having modular economic systems make more sense than having a single economic system.

by **Nakena** » Fri Dec 04, 2020 9:19 pm

Some systems work better in some places than other and vice versa. There isnt a single correct or universal one.

by **Nevertopia** » Fri Dec 04, 2020 9:22 pm

Nakena wrote:Some systems work better in some places than other and vice versa. There isnt a single correct or universal one.

dont let this distract you from the fact that communism inevitably turns to dictatorship and ends in failure every time.

by **Sicilian Imperial-Capitalist Empire** » Fri Dec 04, 2020 9:24 pm

The proletariat are going to seize this thread in 3... 2... 1... NOW!

by **VlaRiSsiA** » Fri Dec 04, 2020 9:26 pm

Nevertopia wrote:
Nakena wrote:Some systems work better in some places than other and vice versa. There isnt a single correct or universal one.

dont let this distract you from the fact that communism inevitably turns to dictatorship and ends in failure every time.

Well that escalated quickly

by **Nakena** » Fri Dec 04, 2020 9:26 pm

Nevertopia wrote:
Nakena wrote:Some systems work better in some places than other and vice versa. There isnt a single correct or universal one.

dont let this distract you from the fact that communism inevitably turns to dictatorship and ends in failure every time.

Well theres also places where neo-liberalism did result in repeatedly desastrous crashes. Take Argentina for example. The country is definetively better off with something else.

by **Senkaku** » Fri Dec 04, 2020 9:28 pm

I don't know what "trueness" or "correctness" are supposed to mean in this context; multiple different economic systems exist now and have existed throughout history, and they solve different problems in different ways according to the conditions of the time and place in which they're situated.

As for which economic system is the best or ideal-- I think pretty much everyone would agree that a post-scarcity economy would be the ideal, that's sort of the aspirational endpoint of every different school of thought in one fashion or another.

by **Tranzoria** » Fri Dec 04, 2020 9:31 pm

It depends on the receiver of the system.

by **Kubra** » Fri Dec 04, 2020 9:38 pm

Economic ideology ain't really that important compared to practical decision making on ones economic resources.
Oil gibs run the gamut of all iterations of economic thinking, and despite that it almost universally (keyword, almost) makes the folks with it worse off in the long term.

by **Northwest Slobovia** » Fri Dec 04, 2020 11:24 pm

Nevertopia wrote:As title says, which economic system is most likely to be true? [...] Which one answers the most questions correctly, or which one makes the best arguments, which one is most logical?

Define those terms, and you have your answer.

by **The Alma Mater** » Fri Dec 04, 2020 11:30 pm

Nevertopia wrote:
Nakena wrote:Some systems work better in some places than other and vice versa. There isnt a single correct or universal one.

dont let this distract you from the fact that communism inevitably turns to dictatorship and ends in failure every time.

Communism, though admittedly mostly its derivatives, works exceptionally well in small communities. It however fails when societies get so big people do not know everyone else.

by **Tierra Fuego** » Sat Dec 05, 2020 12:40 am

The one where the price of food, shelter, and dignity isn't outrageously inflated by the necessity of living within a colossal host of dark satanic mills.

by **Nilokeras** » Sat Dec 05, 2020 2:41 am

Nevertopia wrote:
Nakena wrote:Some systems work better in some places than other and vice versa. There isnt a single correct or universal one.

dont let this distract you from the fact that communism inevitably turns to dictatorship and ends in failure every time.

Now tell us what you really think, Nevertopia.

by **Nea Chora** » Sat Dec 05, 2020 2:44 am

we already have an ~~anti-~~socialism thread, let's make this the ancap thread or smth.

by **United Kingdom of British Isles** » Sat Dec 05, 2020 2:44 am

Communism, obviously. How is this even a question? Now if you'll excuse me for a moment..
*USSR anthem begins to play*

by **Nea Chora** » Sat Dec 05, 2020 2:52 am

in this essay, I will outline how a return to bartering will solve crime and help the economy...

by **Fluffy Panda** » Sat Dec 05, 2020 3:02 am

Keeping taxes as low as possible, of course. So even if there is some corrupt government that ignores some companies close to them not paying taxes, stealing %3-4 tax for few years won't overwhelmingly put them in advantage against their rivals. If taxes were around %25-40, thats another story.

High taxes are crimes against human advancement, it blocks companies to get fair ground for innovation battle.

by **An Alan Smithee Nation** » Sat Dec 05, 2020 3:14 am

If anybody knew the answer there would be fewer problems in the world. At the moment it is like asking what is the correct breed of duck.

by **Old Tyrannia** » Sat Dec 05, 2020 3:45 am

Senkaku wrote:I don't know what "trueness" or "correctness" are supposed to mean in this context; multiple different economic systems exist now and have existed throughout history, and they solve different problems in different ways according to the conditions of the time and place in which they're situated.

This, really.

by **Duvniask** » Sat Dec 05, 2020 3:52 am

Nilokeras wrote:
Nevertopia wrote:
dont let this distract you from the fact that communism inevitably turns to dictatorship and ends in failure every time.

Now tell us what you really think, Nevertopia.

The real reason he made this God-awful thread.

by **Anskerdank** » Sat Dec 05, 2020 3:59 am

Conservative Capitalism. Liberalism becomes socialism, then that socialism becomes communism. Conservatism is the only way to have a fully functioning and prosperous economy.

by **An Alan Smithee Nation** » Sat Dec 05, 2020 4:10 am

Liberalism does not become socialism.

by **The New California Republic** » Sat Dec 05, 2020 4:19 am

What a really weird misplaced question. It's like saying "what type of house is correct?", see what I mean?

by **-Astoria-** » Sat Dec 05, 2020 4:37 am

An Alan Smithee Nation wrote:If anybody knew the answer there would be fewer problems in the world. At the moment it is like asking what is the correct breed of duck.

This.

by **Valentine Z** » Sat Dec 05, 2020 4:48 am

Really depends on a country and time-frame. If you're going to come ahead and "don't let this distract you..." followed by how communism is always a failure*, then this is a biased OP without merit.

* It's not so much as communism being the perfect solution. Rather, as everyone has said, different countries (and geographical factors), different methods. Countries that tried a different system because they have seen others did it, ignoring many factors, and eventually unfortunately failing at it.

No system is perfect. Communism, Capitalism, anything else in between, context is king.

Which economic system is correct?

Which economic system is correct?

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