I don't think it is a big question. Socialism will never bring about the perfect anything.
The only thing wrong with communism is that it involves humans.
Source: Me
Basically when you break control down it can be described in three ways:
This is normally described socio-politically as Capitalism, Communism, and Theocratism. You also have an additional point between Capitalism and Communism called Socialism; a point between Theocratism and Capitalism called Monarchism; a point between Communism and Theocratism called Utopianism.
Societies function best when they lie in the center of all these conflicting viewpoints. I like roads and hospitals, but I don't build them myself. Roads and hospitals are a symptom of Socialism, so a little bit of Socialism is not bad. I like it when people don't try to kill or rob me all the time, so having a little bit of Theocratism coming up with rules on morality and ethics isn't bad. I also think that if I accumulate the proceeds of my labour and buy something, I am not obligate to share that unless I choose to, so Capitalism isn't all bad.
The problem lies in the fact that this model is more in the shape of a pyramid. Xi Jinping and members of his government are closer to Capitalist and Theocratic Elites than to common people.
Countries with a free market tend to produce more with less resources than communist countries.
In a free market, you have a myriad of people striving for better solutions. In a regulated market, you have a handful of people deciding for the rest what the best solution. Often that handful is a handful of idiots.
There are issues that should be addressed. In almost all cases the free market will produce better results than a regulated economy.
I am going to qualify that a little bit. I agree a fully regulated economy is doomed to stagnation. However, an economy with a little regulation is better than no regulation. China is paradoxical in that while it is heavily regulated, it has a foundation based on corruption so that there are microcosms where the regulations are circumvented by bribes. If you are familiar with their Soy/Dreg construction, you know what I mean.
In other words, absolutes tend to be a problem.
I am making the following a 10 percent beneficiary of this post
@yintercept
@mastergerund
@sbi-booster
@steembasicincome