I think the current wisdom is that neither is perfect, they have different strengths and weaknesses. Some aspects of the economy are better managed using open m

I think the current wisdom is that neither is perfect, they have different strengths and weaknesses. Some aspects of the economy are better managed using open markets with some regulation and others are better managed centrally by the government. A more current debate is to find the best mix. It would be very hard to argue in favor of pure capitalism or socialism.