I remember watching an economic professor saying that we will never achieve pure capitalism because it’s just to measure how far we are into the capitalism. Maybe that also goes with socialism.
There’s a dissonance between allowing complete freedom without intervention and keeping the market truly free - if an organisation can simply buy all it’s competition and expand forever, that’s just a monopoly which is a closed market.
As for socialism - I grew up in a kibbutz, which is one of the only examples a successful socialist system (imo). And this too, is time limited. My reasoning being having a small group where everyone know each other and decide to join of their own volition. Most kibbutzim failed after the 3rd generation - people did not want to share anymore (and took some very bad financial decisions).
I remember watching an economic professor saying that we will never achieve pure capitalism because it’s just to measure how far we are into the capitalism. Maybe that also goes with socialism.
There’s a dissonance between allowing complete freedom without intervention and keeping the market truly free - if an organisation can simply buy all it’s competition and expand forever, that’s just a monopoly which is a closed market.
As for socialism - I grew up in a kibbutz, which is one of the only examples a successful socialist system (imo). And this too, is time limited. My reasoning being having a small group where everyone know each other and decide to join of their own volition. Most kibbutzim failed after the 3rd generation - people did not want to share anymore (and took some very bad financial decisions).