Should we admit that capitalism does not work?

[Xolodno]

55. I disagree.

What you are arguing is communism. A command economy, in that, a command economy decides how many and what type. Socialism still allows for market forces to work, it just controls the factors of production when needed and can intervene when markets fail, whereas in a capitalist system, market forces control it...and when it fails, market forces are responsible for correcting it...which it may or may not do. Today, when that happens, our government attempts to influence the market, but not control it.

You are confusing the two systems of communism and socialism, they are not the same. Karl Marx stated clearly in the Communist Manifesto that the next economic system was socialism after of which, the next system to evolve from there would be communism (which I disagree with).

And yes, regulations with enough control over the the economy is socialism. The end result is the same, where be it by actual ownership or regulation. Your making a distinction via method and incorrectly equivocating that socialism = communism.