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As far as I can tell, nowhere has actually implemented either full-scale capitalism or full-scale communism in the last human lifetime. At its most extreme, th
by InitialLastName 5y ago
As far as I can tell, nowhere has actually implemented either full-scale capitalism or full-scale communism in the last human lifetime. At its most extreme, there have been some planned-economy socialist states (selling themselves as a "stepping stone to communism") and some thoroughly regulated, state-subsidized free-market systems.
I suppose there have also been some failed states that devolved power to a variety of local systems; maybe it's some of those that you have lived under?
One of the sensible #3s you might be missing, by the way, could be something along the lines of "free markets with enough regulation to protect the commons and enough social spending to invest in the populace (encouraging future innovation and mobility) and enough of a safety net to limit desperation (to keep the pitchforks out of the ownership class's stomachs)"