| | This is what I think about this topic. It may seem as a strange answer, anyway. I think that neither pure communism nor pure FME is desirable.. Both do bring advantages but the disadvantages far outweight it. The best economic system is therefore the mixed economy ; The government can act as a watchdog to regulate the activities of the private sector and will have as aim to maximise social welfare. The private sector on the other hand will bring in economic efficiency owing to the profit motive aim. It is therefore a truism that the mixed economy is the best economic system in a modern world . Anyway, it's not that easy, since you can't draw a simple line on how far the gov should access the market. Anyway, I think that time will show it. What do you ppl think? |
