A careful application of capitalism and socialism is the best of both worlds. Pure capitalism is destructive, as it evenutally leads to lawlessness and rule of the strong by all means necessary, pure socialism leads to lifestyles that are unsupportable. Also, humans as a rule are not driven purely by self discovery and self development. The Star Trek NG universe is a good example of meritocracy and socialism spread throughout the the hypothetical federation. People strive to be the best they can, but basic things are provided by the technology at hand. That technology is not a crutch but a tool to drive people to greater heights.
bbkenno, I agree and that's why Obama was foolish for blowing his dimocratic advantage on healthcare, he should have raised taxes first. He hs noo economic or business sense. Lets hope he has learned for his 2nd term. He with the gold makes the rules or at least some of them. Not too hard to realize that no one is going to work hard and give it all away.