I would argue that the next step forward is to formally design an economic system that uses the principles of both. America’s Constitution was based on the Magna Carta and other concepts, but went a step further and made dedicated rules for how political power interacts. While badly dated now, those rules lasted 250 years for a nation that exploded beyond a mere 13 colonies into a continental superpower.
I think making a clean ruleset that incorporates socialism and capitalism would allow them to excel at the things they do, while keeping their worst aspects at bay.
I would argue that the next step forward is to formally design an economic system that uses the principles of both. America’s Constitution was based on the Magna Carta and other concepts, but went a step further and made dedicated rules for how political power interacts. While badly dated now, those rules lasted 250 years for a nation that exploded beyond a mere 13 colonies into a continental superpower.
I think making a clean ruleset that incorporates socialism and capitalism would allow them to excel at the things they do, while keeping their worst aspects at bay.