I think your capitalists and communists analogy is useful, because we're not choosing between them. Developed countries have varying degrees of regulated market economies with welfare states. Debating between "capitalism is good, communism sucks" and "no, communism is good, capitalism sucks" does little to address the economic policy que…
I think your capitalists and communists analogy is useful, because we're not choosing between them. Developed countries have varying degrees of regulated market economies with welfare states. Debating between "capitalism is good, communism sucks" and "no, communism is good, capitalism sucks" does little to address the economic policy questions faced by the US, UK, Germany, Sweden, Japan, South Korea, etc.
I think your capitalists and communists analogy is useful, because we're not choosing between them. Developed countries have varying degrees of regulated market economies with welfare states. Debating between "capitalism is good, communism sucks" and "no, communism is good, capitalism sucks" does little to address the economic policy questions faced by the US, UK, Germany, Sweden, Japan, South Korea, etc.