>>14092723Everywhere has a mixed market economy with some market forces determining prices and some wealth redistrobution in the form of taxes and subsidies.
Neither laissez-faire capitalism nor communism work on their own with laissez-faire coming close to existing briefly in the US before a farmer brough the only bridge for miles and refused to let any other farmers use it so they would go bankrupt and he could buy their land cheap forced the government to ramp up regulation.
Now we can get past the 16 year olds understanding of economics and start talking about where the mix should be, what should be determined by market forces, what should be subsidized (funded by wealth redistribution) and where that funding should come from.
While on the point of where the money should come from lets get another common misconception out of the way, taxes are not the only way for governments to raise money with the state owned Saudi Aramco being the 3rd most profitable corporation on earth and money from it used to fund social programs.
Personally I beleive that all state owned land (there is a fuckload of it in every nation) belongs to the people and thus all resources extracted from that land is the peoples, this leads me to think that state owned resource extraction is a no brainer because even from a capitalist point of view the state owns the land and should gain the wealth that comes from that.
I also think everything crutial to national security should be state owned becuase in an unregulated market there is nothing stopping China from buying all the US powerplants and just turning them off. You might think they wouldn't do this because they are losing money but how much would they gain long term is they crippled the major world power?
