a mix of both, while i agree with many socialist ideas, like government providing universal healthcare, education, housing and welfare, i would not stop there from being a private sector, and again, while im in favour of progressive taxation, i wouldnt tax anyone more than 50% of there income, why? simple, i believe that certain things should be available to everyone (so they can live a decent quality of life), but i would never go so far as to make it impossible to go beyond the basics, if people want the better paid jobs, then there is still more than enough incentive for them to do so, but i would ask them to pay more than the poorer members of society in taxes (again, no more than 50% but if theyre earning say 2.6m p/a, they still get 1.3m in earnings) essentialy, the main change id make from where the UK is now, is to expand heavily the council housing available and raise taxes for the richest in the country (plus clamping down on tax exemption for the rich), obviously, thats how id handle the economy here, social policy wise, ALOT would change if i were in charge (much, much more freedom for the people)
Now, on to the financial sector, i would create a series of safe nationalised banks for anyone to use, that are heavily regulated and cannot take risks with peoples money, however i would still allow a private sector, again, making sure everyone can have a safe place for there money
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