only in the 1st world. In the 3rd world there is an issue where capitalism means a connected few. There is no middle class to initiate new markets and services. In the 3rd world socialism means having the ability to compete in markets that could not exists otherwise. Subsidizing farms means farmers are able to afford commercial farming instead of just subsistence farming. Manufacturing is enabled. With a pure capitalist mind set most people would still be trying to figure out the steam engine because it wouldn't be readily available probably. Capitalism also causes recession its one of Marx main issues that people are forced to fail for the sake of the market. Mixed economies are the only solution for the foreseeable future. All eggs should not be in a single basket in a social state yet the state should be able to see a market that neglected and force some investment for the sake of a greater good. Its good if a state can control the means of production in emerging markets until competition can came in and challenge the state by providing better services then the people can decide for themselves what service they prefer. Perhaps I am just rambling but I believe there must be control measures to steer an economy outside popular opinion in pursuit of wealth.