Every one of those four is a mixed economy with significant central economic planning and regulation. Without substantial oversight, capitalism tends to degrade into private monopolies with feudalistic tendencies over time. Like I said, it's an idealistic system which looks great until actual people are involved. Then you have to either modify it past anything but a spiritual similarity, or drown in the neoliberal fountain.

[–] RidcullyTheBrown@lemmy.world 0 points 2 years ago (1 children)

Every one of those four is a mixed economy with significant central economic planning and regulation.

Every one of those four economies are democratic capitalist economies. What is mixed?

[–] agamemnonymous@sh.itjust.works 0 points 2 years ago

central economic planning and regulation

The fact that every successful "capitalist" economy is heavily regulated speaks to the efficacy of pure capitalism.