Spectra of Economic Views
The conventional spectrum:
Totalitarian Communism/Socialism____________________Mixed-Market_________________________Free-Market
Now, here is another spectrum that may be more useful to understand:
__STATE-CONTROL__________________________(PRODUCTION)____________________PRIVATE-SECTOR-CONTROL
^
^---Soviet Union--------------------------------Nazi Germany-------------------------------c. 1900 U.S.A.
^--------------------------------------------------------------------------------------China
^-----------------------------------------------------------------------------Singapore
N
A
I
R
A---------------------------------------------------------------------U.S.A. 2018
T----------------------------------------------------------U.K. 2018
I
R
U
O----------------------------------------------------Denmark
H
T
U
A
^
^
^
Totalitarian Communism/Socialism____________________Mixed-Market_________________________Free-Market
Now, here is another spectrum that may be more useful to understand:
__STATE-CONTROL__________________________(PRODUCTION)____________________PRIVATE-SECTOR-CONTROL
^
^---Soviet Union--------------------------------Nazi Germany-------------------------------c. 1900 U.S.A.
^--------------------------------------------------------------------------------------China
^-----------------------------------------------------------------------------Singapore
N
A
I
R
A---------------------------------------------------------------------U.S.A. 2018
T----------------------------------------------------------U.K. 2018
I
R
U
O----------------------------------------------------Denmark
H
T
U
A
^
^
^