Economic system? Anything that has policies to prevent inequalities and massive concentrations of wealth. With the right frame of mind, capitalist, mixed market, or communistic systems can work. Even anarcho-capitalism, if it’s willing to stray from 100% purist theories of the system and allow some structure that prevent the haves from monopolizing economic power at the expense of the have-nots.
A highly regulated capitalist system with high graduated taxes to support a resilient social safety net. This is usually called “Democratic Socialism” or “Nordic Socialism” - by the time you’re paying really punishing taxes you earn enough money for it not to matter in terms of your happiness.
It will default to despotic states, corporations, or gangs where the one who has the most gold makes the rules.
So, what is the optimal system in your opinion?
Economic system? Anything that has policies to prevent inequalities and massive concentrations of wealth. With the right frame of mind, capitalist, mixed market, or communistic systems can work. Even anarcho-capitalism, if it’s willing to stray from 100% purist theories of the system and allow some structure that prevent the haves from monopolizing economic power at the expense of the have-nots.
A highly regulated capitalist system with high graduated taxes to support a resilient social safety net. This is usually called “Democratic Socialism” or “Nordic Socialism” - by the time you’re paying really punishing taxes you earn enough money for it not to matter in terms of your happiness.