The division of states from a political point of view into capitalist and socialist, in my opinion, is already a thing of the past. Now we no longer have pure socialist states as they existed before the collapse of the USSR. Neither Russia, nor China, nor Cuba can no longer be called socialist states. They are already an example of a mixed economy from this point of view. In the future, less and less will be remembered about the principles of functioning of the economies of socialist countries, since it is already obvious that this was a dead-end period in the development of these states.
In my opinion, there are two vectors - democracy and authoritarianism, and it is from these positions that the development of the economies of states should be considered now.
Topic: What is the validity of a mixed economy system? - page 2. (Read 202 times)
"Let the path be open to talent." --Napoleon Bonaparte
Napoleon Bonaparte is known for being pro meritocracy. For society to produce its greatest tangible benefits, requires effectively harnessing the individual intelligence, resourcefulness and creativity of as large a fraction of the population as possible.
A mixed economy gives people more tools to produce value to society. Which in turn creates greater options and opportunities. State subsidies offered by the public sector can maximize funding for projects like Space X. While free markets offered by capitalism and the private sector can maximize opportunities for private ventures like tesla. Both capitalism and socialism, working together can produce more opportunities and tools for people to create value to society, than either system working alone.
Maintaining balance is key. Its easy for an excess of capitalism or socialism to wipe out opportunities and tools people need to create jobs and grow economies.
Napoleon Bonaparte is known for being pro meritocracy. For society to produce its greatest tangible benefits, requires effectively harnessing the individual intelligence, resourcefulness and creativity of as large a fraction of the population as possible.
A mixed economy gives people more tools to produce value to society. Which in turn creates greater options and opportunities. State subsidies offered by the public sector can maximize funding for projects like Space X. While free markets offered by capitalism and the private sector can maximize opportunities for private ventures like tesla. Both capitalism and socialism, working together can produce more opportunities and tools for people to create value to society, than either system working alone.
Maintaining balance is key. Its easy for an excess of capitalism or socialism to wipe out opportunities and tools people need to create jobs and grow economies.
An economic system is pattern and strategies in which scarce national wealth and resources are control and shared in the economy.There different types of economic system which include capitalism, socialism and mixed economy,to mention but few.
A capitalist economy is an economic system where means of production and distribution are own and control by private sector.Example of capitalist economy include the united state of America.
Socialism is said to be an economic system which means of production and distribution are managed and control by the government.for example china and Russia.
But practically, does a mixed economy exit or is every economy a mixed economy?. After the second world war and the great depression in Great Britain, the classical economists theory of laissez-fair (an economy without government intervention)was highly criticized by John Maynard Keynes which gave birth to a mixed economic system.
What is a mixed economy?
A mixed economy is an economic system which comprises capitalism and socialism.these entail and economy where means of production and distribution are managed and control by both private and public sectors.
Now even united state of America as an example of a capitalist economy has the government regulating and also taking part in the decision making of the economy.does that makes it a mixed economic also?
Also, socialist countries like Cuba, Russia, and china has public sectors also taking part in the decision making of the economy.does that makes those countries mixed economies?
I stand to be corrected and enlightened though.
A capitalist economy is an economic system where means of production and distribution are own and control by private sector.Example of capitalist economy include the united state of America.
Socialism is said to be an economic system which means of production and distribution are managed and control by the government.for example china and Russia.
But practically, does a mixed economy exit or is every economy a mixed economy?. After the second world war and the great depression in Great Britain, the classical economists theory of laissez-fair (an economy without government intervention)was highly criticized by John Maynard Keynes which gave birth to a mixed economic system.
What is a mixed economy?
A mixed economy is an economic system which comprises capitalism and socialism.these entail and economy where means of production and distribution are managed and control by both private and public sectors.
Now even united state of America as an example of a capitalist economy has the government regulating and also taking part in the decision making of the economy.does that makes it a mixed economic also?
Also, socialist countries like Cuba, Russia, and china has public sectors also taking part in the decision making of the economy.does that makes those countries mixed economies?
I stand to be corrected and enlightened though.
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