There are three options only: capitalism and socialism, and communism. Some people don't differentiate between the last two.

I'm not rich, but a capitalist society is the only sort I wish to live in.

Dear Ttbn,

I am not an expert on economics, so perhaps you are correct that from a one-dimensional economic/materialistic standpoint there are only these three options (none of which I like), yet non-materialistic societies are possible as well.

"The inherent vice of capitalism is the unequal sharing
of blessings. The inherent virtue of socialism is the
equal sharing of miseries."

(Winston Churchill).

Without Capitalism, Socialism would not get funding !
Just try to imagine a socialist Public Service !

Indyvidual

And as is said, true no matter how hackneyed, the Socialists eventually run out of other people's money.

Yuyutsu

I thought that the kibbutz system was kaput, but apparently about 100, 000 of Israel's 10 million people still live that way. Not all that popular anymore; and I can't see it working in Australian society. Capitalism or Socialism: people are not what they once were.

I recently started to reread the ‘Benedict Option’, which impressed me the first time. This time, after a couple of chapters, I gave it away; people are just not like that anymore; they don't cooperate, don’t muck in together; it's all about individualism. Everything is about ‘number one’, particularly among younger people.

Some people still insist that everything will be OK. They are more hopeful than realistic. I see only bad times ahead, and I'm pleased that I am OBE

Bring back Margaret Thatcher?