CAPITALISM VS SOCIALISM VS MIXED ECONOMIES? (well intentioned fools) Capitalism

CAPITALISM VS SOCIALISM VS MIXED ECONOMIES?

(well intentioned fools)

Capitalism refers to the allocation of property to individuals providing incentives and the possibility of calculation.

Socialism refers to the allocation of property to the state, eliminating incentives and the possibility of calculation.

Mixed economies solve the problem of allocation of proceeds of cooperation under capitalism, by forcible redistribution of the proceeds largely using progressive taxation.

Mainstream economists debate the degree of ‘takings’ that would achieve a pareto optimum, but evidence is that competition from the restoration of globalization under global consumer capitalism is lowering the maximum possible level of taxation, and that increased opportunity for extra-economic strategic expansion, may lead to wars, which is putting pressure on defense expenditures as well.

For this variety of reasons, real incomes from other than financialization have been in constant decline as the world equilibrates, and just as conservatives feared, the left has created a moral hazard through expansion of the underclass in order to generate demand to compensate for the general decline in the distribution of productivity and its rewards.

I always find well intentioned fools well intentioned. But we do not choose our governments. They are chosen for us by external circumstances, and we either adapt well to those circumstances or we do not.