&gt; There is no one-system-fits-all and it can&#x27;t even be said that one system is necessarily a better choice in any given situation. Status-quo is usually a good choice though, if it is working<p>I mostly agree with this except currently the Status-qou isn&#x27;t working for most people and the environment.  The pendulum swung too far towards the &quot;government bad, markets good&quot; end of the spectrum.  To tackle the big problems of the day (Climate change, income inequality, chronic unemployment&#x2F;underemployment due to technology changes and automation, etc) we will need much more government regulation.  That includes local and national regulation with unprecedented global cooperation.  The free market on its own has proven itself incapable of solving the problems society faces and in fact is causing some of the above problems.