this post was submitted on 22 Jul 2023
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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.
Every one of those four economies are democratic capitalist economies. What is mixed?
The fact that every successful "capitalist" economy is heavily regulated speaks to the efficacy of pure capitalism.