In all honesty neither capitalism nor communism solves all problems. Problems arise because systems get too rigid, and it can happen with either. Today’s capitalist problems are arising
because America got too stubborn about capitalism, but at the same time, a purely communist state will undermine a lot of desires of common man.
The best solution is always in between the two, and is very context dependent. Like a lot of poorer countries benefit from socialist ideologies, and when people have enough purchasing power, certain parts of economy can be run by capitalists. The world right now is in chaos because too much of economy is handed to the capitalists.
In all honesty neither capitalism nor communism solves all problems. Problems arise because systems get too rigid, and it can happen with either. Today’s capitalist problems are arising because America got too stubborn about capitalism, but at the same time, a purely communist state will undermine a lot of desires of common man.
The best solution is always in between the two, and is very context dependent. Like a lot of poorer countries benefit from socialist ideologies, and when people have enough purchasing power, certain parts of economy can be run by capitalists. The world right now is in chaos because too much of economy is handed to the capitalists.