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1. Capitalism: Efficient, progress, but channels all benefits to very fewer and fewer as tech progresses. Trickle down is too slow. 2. Socialism: Bureaucratic and slow, no private enterprise, finally poverty. Unless it is the special form of global efficient state capitalism (same as capitalism then); just that commonfolk of the state-capitalist nation can be happy overall, at the expense of many more unhappy citizens of countries exploited by the bully country. 3. Capitalist with Minimum-basic-services: Let anyone with strength do anything they wish as long basic needs of food, health, education, safety, etc are handled. Will lead to pacified but meek, non-interfering masses and those at the helm take care of development and throw additional goodies to the basic-service pool as per their gains/wishes (plus doors of fashion are always open for philanthropy). Latest trends seems be toward this. 4. Ideal, Private enterprise with strong oversight by democratic state: Private enterprise, be it for profit or anything else, who cares. Just have enough knobs (taxation, holidays, freebies, policy, force, etc.) in place such that development happens where needed (balance parity, environment, nex-gen research etc. dimensions) wholesomely. This is ideal, should have worked, but alas, since all elections are funded by big money, the patrons will definitely expect returns in the form of favoritism during policy formation (including a big no to state-funded elections, or big yes to curbing public agitations by weapons and state force). In short, masses are doomed, and tech progress will expedite it! |