What is the ideal economic system? Communism, socialism, capitalism, etc?

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  1. Earl S. Wynn profile image84
    Earl S. Wynnposted 6 years ago

    What is the ideal economic system? Communism, socialism, capitalism, etc?

    Conversely, have these systems been proven to be failures? Is there a better system?

  2. bingoinfo profile image60
    bingoinfoposted 6 years ago

    China claims it is a socialism country, unfortunately there are still a lot of problems, such as inequality, poverty, lack of democratic rights, etc.

    To some extent, the current financial crisis proves the capitalism is also not a good system.

    Maybe communism is the ideal economic system. Currently, there is no communism country in this world from the point of my view.

  3. profile image0
    Old Empresarioposted 6 years ago

    Capitalism that is locally-regulated in a nation with a very weak national government is the best in my opinion--more like a capitalist confederacy.

  4. Superjonesable profile image58
    Superjonesableposted 6 years ago

    Capitalism is the best economic system this is because in a true capitalistic state everyone has a daily vote on what is going to be around by using their money on things that they like.

    This being said, the bad point to capitalism is that it can be polluted by huge corporations and monopolize the markets.

    Communism and socialism are both nice systems but only work if the people choose to fund them, they work wonderfully if everybody gives it their all to try and make them work. The problem is the people who usually want these systems don't want to work to pay for the things they get. These people usually like the "free aspect" of things. Without saying though they only work until the rich choose not to pay.


  5. profile image47
    mark9.netposted 6 years ago

    Each one is Designed by Humans who have their micro approaches to handle the system, The result  totaly failure after a decade.
    Lets find somthing Desinged by the Master Creater.
    How he likes to see the humanities. That is Equality.
    All Humans are Equal and have Equal right to Live in the World.

  6. GoldenBird profile image61
    GoldenBirdposted 6 years ago

    There is one system: it's called empathy.


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