Can Any Formal System Prove Its Own Consistency?

What is the purpose of an economy? What economic system best serves this purpose? Prove it?

• Is it to make everyone as happy as possible without conflict? Or what what is the purpose of an economy? And what system of economy will best accomplish this purpose? Prove it. DEFINITIONS (src: Chambers Dictionary 12ed) state capitalism n. = Control by the state of the means of production and use of capital state socialism n. = A political system in which the state controls industry and the banking system socialism n. = The theory, principle, or scheme of social organization which places the means of production of wealth and the distribution of that wealth in the hands of the community capitalism n. = The economic system which is driven by the profit-motive and depends on investment of private capital to provide the means of production, distribution and exchange communism n. = A social theory according to which society should be classless, private property should be abolished, and land, factories, etc collectively owned and controlled

• Answer:

  Economics is the strategy in which goods are distributed amongst a population. Socialism is most effective at achieving this goal. The foremost reason for this is the generally equal and whole distribution of goods amongst all citizens of a socialist society, something capitalism lacks. In capitalism, money is the mode of purchase. Without the government regulating the mode of purchase, it is economically impossible for everyone to have a job, something that is guaranteed in a socialist society. Capitalism excludes those who lose out in the job market, and these people fall victim to the buisness cycle without jobs, money, or goods. Speaking of the buisness cycle, there is no such thing in a socialist society. Take the great depression for example. The soviet union was completely unaffected in this scenario. Socialist countries do not have recessions at the whim of economic downturn. The instances in which socialist countries have had recessions or deficits was only in the face of mal planning by bureauacrats which is possible to remedy with careful selection of economists. It is impossible to remedy the buisness cycle in capitalism. This is only a small chunk of why socialism is superior to other economic systems.