prefer what most people would call "Capitalism", though that is a bullshit word that Marx made up.
Humans making choices to trade for like value, whatever that is, labor for money, money for item, item for item, labor for labor, all of it is based on free exchange. No coercion.
This level of transaction is unknowable to even the smartest human, and is why all command economies fail. There is no demand signal for supply to meet, therefore supply is always misdirected, and you get shortages in all areas but the few where command drives production. There you have a glut, an oversupply.
Humans making choices to trade for like value, whatever that is, labor for money, money for item, item for item, labor for labor, all of it is based on free exchange. No coercion.
This level of transaction is unknowable to even the smartest human, and is why all command economies fail. There is no demand signal for supply to meet, therefore supply is always misdirected, and you get shortages in all areas but the few where command drives production. There you have a glut, an oversupply.