The “debate” between the rivaling economic theories of capitalism and socialism is actually a false duality set up to insure perpetual argumentation and distract both policy makers and the general populace from doing an actual integration of the best and most relevant aspects of their philosophies and policies. Such an integration would enable profit making systems to better survive and thrive while also bestowing the blessings of our tremendous productive capabilities upon everyone.
In a monetary and profit making economy the individual’s ability to purchase monitors their relative freedom. The trick to raising everyone’s purchasing power and thus expanding their freedom, while not raising ultimate prices in the process entails monetary policies that both directly reach the individual and that also encompass the entire economy. As individual incomes tend to be chronically scarce and prices tend to chronically go up a costless addition to the individual’s income, that is a free gift of money and a cost reducing discount to retail prices that is rebated back to retail merchants who pass such discount on to consumers will remedy both of these problems and create a more stable and robust virtual equilibrium. Modern economies require these policies and economists, politicians and the Banking elite need to understand that and make them a reality.