Individual wrote:Heruka wrote:Karma Dondrup Tashi wrote: Which is that this modern capitalistic lifestyle does not work, it does not make us happy.
your mistaking croynism with free markets.
they are not the same capitalism.
You're using a political term, not an economic one. It's best to know the terms and ideas involved here.
And there is no such thing as "crony capitalism" in the study of economics because it's a value-laden term, from a certain point-of-view.
I get what you're saying, though. So to be more clear: Capitalism and Socialism are both theoretical extremes of either private or public ownership over the means of production which are virtually never fully realized in practice, so all economies are in reality mixed-markets and the question is different. For the average, uneducated person it's about "Capitalism vs. Socialism". You hear this B.S. on TV all the time. But in reality, that is an oversimplification of how economies work. Markets fail but governments do too, for various reasons. If you treat either markets or governments as being like universal solutions to any economic or social problem, you are in reality no different than somebody who believes in trying to cure cancer or AIDS through faith-healing or voodoo.
you make good clarification, economies and countries are more akin to farming husbandry. maybe another thread can explain that.