So, I don't really have time to blog, as I'm back in school right now. But let me tell you this.
I got to speak with my professor of Managerial Economics over beers tonight. After some pleasantries, we got down to business. We explored the idea of world economic systems, and agreed that there was not one solution. He gave me a lot of leeway on a theory that we are living in an era of an overreaction to the last failed system which was based on central planing.
It is accepted, today, that free-markets and democracy are the best idea for economics and politics respectively. Now, they may well be the best we've come up with so far, but there is never a static state of human affairs. That is to say, if you come upon some solution that appears to be better than all systems which came before it, that is not cause to disregard other approaches to the human condition, even if they resemble the failed ideas of old.
The fastest growing economies in the world are nearly all directed by political systems that are inherently undemocratic. To say that central planning, one of the most important tenants of communism is a failed idea, is to throw out the baby with the bathwater. Planning is an integral part of every business. Businesses listen to the market, but in the end they plan. The more organized a company, or a country, can be, the more efficient it will run.
Now the market has a way of determining things at more nuanced levels for which there is not currently--and likely will never be--any substitute. To ignore consumer demand and the other principles of market economics, is at this stage pure suicide. But to profess that these forces are the end all, the solution to everything, is pure folly.
As human beings, we decided, we must always realize that the current system is imperfect. That systems that work in one place well, may work poorly in the next. When everyone starts thinking the same way, that is when everything will collapse. But, this will not happen so long as the spirit of open thinking, and acceptance for others customs and different ideas about how to do things, remains alive.
We must never get so satisfied with ourselves, or think that we have the answer. NO! We must always strive to incorporate the best, or most relevant parts of any system, past or theoretical, into the current one. There is no ultimate answer to the question of politics or economics. If there was, life would be boring.