There are three options with regard to a nation’s economy:
1 Capitalism, which leads to capital creation,
2 socialism, which leads to capital destruction, and
3 the ‘Third Way’, which impairs capital creation but, in moderation, does not put the process in reverse and destroy capital.
Today, option 3, the Third Way, is the preferred model for almost every nation in the world.
Wikipedia defines ‘Third Way’ as “… a position akin to centrism that tries to reconcile right-wing and left-wing politics by advocating a varying synthesis of some centre-right economics and some centre-left social policies.”
I would describe it as sufficient regulation to satisfy those who lust for power over the lives of others, but not so much that it puts capital production into reverse.
The Third Way is a position somewhere between freedom and slavery. That it works better than full-on socialist slavery is a consolation. It is, after all, better than starving to death.
So, where are the protests demanding freedom in the West? They exist, but most demand full-on slavery as the solution to their problem. This is one of the markers that informs us of the catastrophic falling IQ across the West – witness Alexandria Occasional Cortex.
Well anyway, the point that I am ambling toward in a roundabout, snarky way is: how can you identify a capitalist economy?
Simple; it uses Gold as money. That is what truly free people do (assuming that the IQ level has not fallen too far). Any economy that fails to use Gold as money is either socialist, or diluted socialist (Third Way).