Few nations on earth use exclusively one or the other. Those who have tried it tend to suffer for it. The early United States was almost exclusively capitalistic. read more
Every economy is a mixture of socialism and capitalism. Socialism is public roads, public schools etc. All of the infrastructure and services that governments provide to support broad opportunity is socialism. read more
All developed societies have a mix of capitalism and socialism. Capitalism will fail, we need a good mix of mostly capitalism and some socialism. read more