I general anything works fine as long you are the monopoly. If every country in the world would be a capitalist nation, then it will be back to the same donkey slogging for everybody.<p>&gt;&gt;On the other hand, what was generally successful was democratic governance (maybe with exception of India and China).<p>As an Indian, Let me tell you. It is actually quite successful in India. Issues in India have more to do social-cultural set up of the society than anything else. You don&#x27;t change these sort of things with change in governance and economic systems.<p>Free market&#x2F;Communism&#x2F;Socialism aren&#x27;t panacea. One needs to stop looking them as hammers and all problems as nails.