There has been very few economic systems which have been tried and tested over the last two centuries at least. Socialist system had failed miserably resulting in disintegration of soviet block. Capitalistic system has survived so far but ultimately it is going to drown all the developed and the developing nations of the world with no solution in sight . Worlds top Nobel prize winners are sitting helpless over the ruins of earth quake created by the capitalistic system. The world renowned economists have only three things to offer namely the INTEREST RATE, INFLATION RATE AND THE EXCHANGE...
There has been very few economic systems which have been tried and tested over the last two centuries at least. Socialist system had failed miserably ...