Capitalism is blamed for the economic situation we are in. It is the fault of capitalism that people are unemployed and racism exists. After we have survived the crises we should move towards a planned economy. Yes, that is socialism.

It is no new concept. It is what happens every time. But it is a bad concept. If you like to know what a planned economy leads to, just look at North Korea.

In this concept, we will see 2 different types of ventures. The first one is those who are having political benefits. This will the first that thrive under the system. But this would not mean they are the best for the job. That is something completely different.

There are a few problems with the planned economy. First of all, it is a bureaucratic method of getting thins sorted out. This is not good for innovation. It is said that we should innovate ourselves out of the crises. But with political interference, this might become more problematic.

If I look at the world we are now living in, it is already one with big government operations. Every year the size of the economy that the government controls is increasing. With regulation and subisdy the government is slowly moving towards destruction and socialism.

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