Can there be a middle economic way between capitalism and socialism (Russia) or capitalism and communism (Chin?
Technically no, but that is misleading. Socialism is the violent abolition of the market by a government or some other entity using arms or threat of arms. Technically, the market either is abolished or not abolished, and it has to be one or the other. In the real world, however, things are more complex. There are two forms of socialism: German (fascism) and Russian (communism). Communism works directly — the State nationalizes all businesses and runs them through political appointees. The former United States Post Office was a classic example of a communist business, but the current USPS is much less that way. In the former Soviet Union, the appointees were known as “Apparatchiki” or apparatchiks. German socialism is more subtle but effects the same result: Industrial boards appointed by the government “play business” but still decide politically what and how much is to be produced, and by whom. The most advanced form of fascism ever practiced was Mussolini’s Italy. America went thro
