We’ve used every economic system by itself, and the only really successful version is a combination of them with proper regulation. What else do you do?
Well there was a guy with a funny beard who wrote about what happens when capitalism produces more goods and services than could ever be reasonably consumed by the populace of the world. He wrote about how there were basically 2 coutcomes. Either the the rising supply just keeps pushing prices down until the only issue comes down to a logistics and distribution problem and money functionally becomes pointless and state power doesnt have any heirarchy to enforce. Or the people with money and power enforce artificial scarcity, through tactics like letting crops die in the fields, or only release so many diamonds into the market and promiting it as a good thing, to protect their wealth and power.
Better as in what though?
We’ve used every economic system by itself, and the only really successful version is a combination of them with proper regulation. What else do you do?
Well there was a guy with a funny beard who wrote about what happens when capitalism produces more goods and services than could ever be reasonably consumed by the populace of the world. He wrote about how there were basically 2 coutcomes. Either the the rising supply just keeps pushing prices down until the only issue comes down to a logistics and distribution problem and money functionally becomes pointless and state power doesnt have any heirarchy to enforce. Or the people with money and power enforce artificial scarcity, through tactics like letting crops die in the fields, or only release so many diamonds into the market and promiting it as a good thing, to protect their wealth and power.