Rath on 12 February 2010
In extreme capitalism there is no minimum wage, no regulation and no employee rights. Those are all socialist ideals. Basically the rich get to ride roughshod over the poor, for examples of this think industrial revolution, or how western companies act about factories in third world in modern times.
The best system in my opinion is a mixed market, allowing effort to translate into wealth while at the same time maintaining a high quality of life for the entire population.
Also in my opinion some things are best with the state having either a large stake or even a monopoly. These include education, healthcare, infrastructure, judiciary and government itself.
