Smart mix of socialism and capitalism is the best way.
The most important thing is to develop and advance… economy, products, culture… that is what life is for – to give future and progress.
Economics on a scale, products… everything really, devices, tires for cars, good music albums, any good products of technology, art, science, any industry will be well developed only in freedom, law and privacy so creator can be well motivated when he knows law can protect his creatures, his family, and therefore he can take advantage and try new things. (non-free countries always have a limit for real progress)
Otherwise he is not motivated, so the basis of capitalism as we know it – the property.
But on a large scale we meet unbalanced capitalism… blind greed for accumulation, for money.
Monetary system can be a problem; as well as idiots in power.
Many factors lead to various corrosiojs of such systems.
Some socialist practices, like universal basic income, free medicine and education, and democracy, help balance it out.
Such mix works best for a good progress, happy life of sociery.
Highest values are entrepreneurs and their creating various small medium big products and protecting and balancing other who are going to develop, by socialism elements.
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