Which economic system is correct?

[Voxija]

It doesn't matter which economic system is "correct", as long as it catches mice.

[The Huskar Social Union]

Mine, but i wont tell you how it works till you give me 70% of your money.

[Picairn]

It doesn't matter which economic system is "correct", as long as it catches mice.

Eleventh Commandment: Thou shalt attribute thy quotes to the rightful authors.

The above quote was a paraphrase of Deng Xiaoping.

Jk don't get mad to me about it.

[South Reinkalistan]

I mean, "economic system" is a rather wide term. I personally adhere to the line of thought that sees the economic system as determined by relations between individuals, and therefore a "mixed economy" doesn't really make sense to me if you claim it's anything different from capitalism; most models to reflect a mixed economy honestly just maintain relations that preserve the current broad principles that define the present system. You aren't going to qualitatively change the fundamentals of a system by throwing in a couple more government regulations, and especially not if you see the present state-structure as a force of the system to begin with.

So if we look at capitalism, at any rate, we see it's predicated upon [to grossly over-simplify], the relation between the wage-labourer and the employer. Without this relation, capitalism would not exist; furthermore, it also means you can't get rid of capitalism without deconstructing this relation. "Mixed economies" are capitalist in this sense. My personal stance is that this relation should be completely and utterly shattered, instead finding a system with the labourers not producing for the life of their employer, but producing for their own lives and collective prosperity: socialism.

[Borderlands of Rojava]

In my ideal world, a non market socialist economy would exist. In practicality, probably market socialism.

[Wink Wonk We Like Stonks]

obviously, an anarcho-primitivist wilderness where agriculture has just been discovered and fruits are traded for animal skins and carcasses, haven't you read any theory?

[Chan Island]

Depends who's asking. All of them on the table benefit at least one person.

[Adamede]

Economics is a tool. Numerous economic systems have existed throughout history, and I doubt we’ll ever reach one that’ll last to the end of it.

[Western Fardelshufflestein]

Economics is a tool. Numerous economic systems have existed throughout history, and I doubt we’ll ever reach one that’ll last to the end of it.

Why don't we all just revert to mercantilism or some other form of historical economics just to see what happens?

[HIreland]

Capitalism with safeguards at the top and the bottom. Safeguards at the bottom to keep the poor fed and in good health; safeguards at the top to bash corporations when they start becoming monopolies or otherwise abusing their power.

[Western Fardelshufflestein]

Capitalism with safeguards at the top and the bottom. Safeguards at the bottom to keep the poor fed and in good health; safeguards at the top to bash corporations when they start becoming monopolies or otherwise abusing their power.

This. Independent charity plays a major role, too, in the form of shelter and soup kitchens. There are also religions that encourage followers to give alms to the poor.

On the flip side, the US has the Sherman Antitrust Act, which protects from monopolies and super powerful corporations. The token example of this is Standard Oil, which has successor companies still around today. Exxon-Mobil is one, I think.

[Greater Cesnica]

The problem is not economic doctrine. The problem is whether a system is centralized not, authoritarian or libertarian. The left-right paradigm has been dead for decades.

[Kowani]

Capitalism with safeguards at the top and the bottom. Safeguards at the bottom to keep the poor fed and in good health; safeguards at the top to bash corporations when they start becoming monopolies or otherwise abusing their power.

This. Independent charity plays a major role, too, in the form of shelter and soup kitchens. There are also religions that encourage followers to give alms to the poor.

On the flip side, the US has the Sherman Antitrust Act, which protects from monopolies and super powerful corporations. The token example of this is Standard Oil, which has successor companies still around today. Exxon-Mobil is one, I think.

>US
>Anti-Trust law

[Diarcesia]

None

[Disgraces]

Heavily regulated mixed economy with government interventionism

[Gods Pure Land]

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.

^^^

[Western Fardelshufflestein]

This. Independent charity plays a major role, too, in the form of shelter and soup kitchens. There are also religions that encourage followers to give alms to the poor.

On the flip side, the US has the Sherman Antitrust Act, which protects from monopolies and super powerful corporations. The token example of this is Standard Oil, which has successor companies still around today. Exxon-Mobil is one, I think.

>US
>Anti-Trust law

No, it's legit. It just needs to be used on the really sus corporations.
https://en.wikipedia.org/wiki/Sherman_A ... ct_of_1890

[Port Myreal]

Georgism.

[Old Garcy]

We demand a lot from modern economies - a wide range of goods using a wide range of resources, increases in wealth, and new innovation in both technology and resource management. Capitalism is the only economic system that provides good answers to all of these demands. A price system for resource allocation and private ownership of both labor and capital give an incentive to develop both. There is risk in organizing the factors of production in new ways, as well as risk in developing new technology. The fact that entrepreneurs are rewarded when these risks pay off means that some of these risks will be taken. The fact that entrepreneurs can lose from failed ventures prevents too many resources being lost. These are certainly not all the problems that a society faces, but capitalism solves many fundamental economic challenges with high efficiency.

[Dunko]

Posadism

[Capitalist Gulags of Alabama]

None

based.

[Nevertopia]

Heavily regulated mixed economy with government interventionism

but wouldnt that create an overly taxed country with cripplingly restricted industries?

[Capitalist Gulags of Alabama]

Heavily regulated mixed economy with government interventionism

but wouldnt that create an overly taxed country with cripplingly restricted industries?

if regulation restricts industry, the industry was doing something wrong to start with. overly taxed is relative.

[Disgraces]

but wouldnt that create an overly taxed country with cripplingly restricted industries?

if regulation restricts industry, the industry was doing something wrong to start with. overly taxed is relative.

Indeed. I really hate not being able to set a custom income tax rate in my nation.

[Kowani]

>US
>Anti-Trust law

No, it's legit. It just needs to be used on the really sus corporations.
https://en.wikipedia.org/wiki/Sherman_A ... ct_of_1890

>The joke



> you