Regulated capitalism combined with socialist policies

This is homeopathy for market liberals. “Okay, but if you just dilute the ideology more, it works even better”.

If you’re heavily regulated and you’re running a large public sector for critical supply and services and you’re subsidizing quality of life for the public with high taxes on the wealthy and yadda yadda yadda…

That’s Not Real Capitalism.

All the best economies in the world run on a form of that combination.

All the worst ones are, too. The difference is whether you’re living in the industrialized core or the extractive fringe.

Yes, it’s great to live near an office park in a university town with a booming tech industry. But no, you don’t want to do artisanal mining labor in an African border territory to produce the cheap raw materials that tech sector office park needs to exist.

Neither do you want to be an undocumented migrants doing service sector work in Dubai. Or a Philippian fisherman squabbling for rapidly depleting fisheries in the Pacific Rim. Or a Haitian day laborer in Ohio. Or a hospice nurse under the UK’s increasingly privatized NHS. Or unemployed.

Purely socialist/communist countries all turn into dictatorships.

That’s a bald faced lie.