Rigby5
Diamond Member
Well, what we have and what most countries have is a combination of capitalism and socialism. The debate is where the ideal balance is. I personally prefer that we shift more towards an actual free market.
Socialism in its purest form doesn't tend to work well, as demonstrated by Venezuela.
The best that can be expected in that direction is a country like Norway, which is still very capitalist in most markets but heavily socializes certain amenities and oil & gas.
Communism is a non-starter, since it has killed more people than fascism.
Wrong.
Socialism requires some coordination through government, but not capitalism.
Capitalism has nothing at all to do with government in a democratic republic.
And Venezuela was nothing at all like socialism.
It was a corruption by the wealthy elite, which is an oligarchy, not socialism.
And since it was profit motivated, that is more capitalism.