Which is the best economic system?

[LibreMan]

optimum solution is Mixed Economy.
Good features of other systems are gathered in this.
Both social justice and the power of money.
As in many European countries

Perhaps the best is the Mixed Economy. Every system has a bad side. It might make sense to get the best parts of all the systems. But who will decide if something is good. Because in other economic systems, the systems that someone thinks are the best.

[1714156579]

1714156579

[1714156579]

1714156579

[1714156579]

1714156579

[KingScorpio]

There are many economic systems. Which is the economic system in which people can live peacefully and happily?

https://en.wikipedia.org/wiki/Economic_system

i think that only individuals can answer,

a communist state might suck for the top 1% in the  usa but for the lowest 1% in the usa a communist state would be great, the same counts for migrants and refugees, a communist state has no landownership but central distribution authorities, but it sucks for solitary people who want to build their own dreams.

[Zz]

optimum solution is Mixed Economy.
Good features of other systems are gathered in this.
Both social justice and the power of money.
As in many European countries

Perhaps the best is the Mixed Economy. Every system has a bad side. It might make sense to get the best parts of all the systems. But who will decide if something is good. Because in other economic systems, the systems that someone thinks are the best.

good; for whom, for what?
As other users have said; Society decides it. Human nature chooses capitalism but Socialism rests on justice.
question that is critical at this point is; How to share total revenue?
The secret of business: to share with peace and justice.

[MeizuNN22]

The best economic system is one that maximally provides people with what they need more. Under the market system, the owner himself plans what and how much to release in order to please the consumer and not to go bankrupt himself.

[Barrymore]

The best economic system is one that maximally provides people with what they need more. Under the market system, the owner himself plans what and how much to release in order to please the consumer and not to go bankrupt himself.

Any economic system which cares about people is doomed to failure. The economy must work for profit. Social welfare should deal with the government. If there is a profit payouts.

[merchantofzeny]

I'd still probably go with capitalism. I don't know if it would be socialism but capitalism with some sort of safety net for the citizens as well as ways to discourage lobbying would be ok.

Now that we've talked about this, I suddenly remembered a documentary I saw about a gift economy. Probably would not work with our society but interesting nonetheless.

[RJX]

The best system is derived from the ideas of the count of Frou Frou:

Others earn the money and they give it to me.

[Winchester2211]

The best system is derived from the ideas of the count of Frou Frou:

Others earn the money and they give it to me.

Such an economic system reminds me of banditry. Others earn, and you robbed them. It's bad.

[jems]

the rich economic  system for me is america or either china ..but  the best economic system  for me is people why? because if we have unity we  can do our best in our country but the truth is doomed because government hide us their corupt works .

[yellow1]

The best economic system is capitalism and socialism,,,capitalism= it allows people to own businesses and obtain wealth. Capitalism rewards hard work and success,while socialism= is a populist economic and political system in which the means of production operate under public political ownership.

[BADecker]

Which is the best economic system? The one we have in America, and is reaching all the parts of the world.

Why is it best? Because it is two-part. The first part is made up of investors. The second part is made up of people who simply use the money for trade, but do little investing.

If the money system collapses, the investors will be done for. Average non-investors will keep on using the greenbacks for simple trade until they wear out. By that time, other currency, or Bitcoin, will become prevalent enough to take the place of the worn-out cash dollar bills.

Of course, by then the investors will have thought of ways to mess with the money again, for investing purposes.

As it is, the two systems, investors and users, are separate. The collapse of one won't have much impact on the operation of the other.