[jacquesm]

> Socialism is the single most failed idea in human history, yet we refuse to properly teach that in our education system.

Well... let's see until we have the capitalist end game before we draw that conclusion, there is a fair chance that it will make the failures of socialism look like a picnic.

> I suspect in the future it will be view a bit like refusing to teach other scientific subjects, like evolution.

Economic systems aren't science, they are just means of organizing large numbers of people in ways that are hopefully sensible. A system that maximizes for growth can work, for a while, but isn't long term sustainable. So depending on your horizon you may think it is a great idea or a terrible one. Markets aren't bad per-se, but they have the potential to lead to catastrophe and if you don't acknowledge that potential and deal with the risk then the chances of it happening increase.

[alchemist1e9]

Refusing to view economic systems scientifically and quantifying objectively is a seriously big problem. Gotta stop the fairy tales.

[jacquesm]

The problem is that every economic system ever proposes is predicated on a bunch of assumptions that do not necessarily hold true over time. So you end up with a model that may work for a while but that's not how science works. Science extracts facts from observations using the scientific method. Social constructs - and social sciences of which economy is a branch - effectively model people and people are emphatically not as predictable as lab equipment and substances.

So you will always end up with fiction dressed up in a scientific coat. It looks and talks like science but it really isn't. There are no testable hypothesis, there is a ton of politics and there will never be consensus.