Three Forms of Economic Systems We Have After the Market Crash of 2008

Command- Capitalist command economy was based on the old communist system were the state own most businesses, and control the economy with a series of rigid planning. This to many is the opposite of the free market economy, we practiced in part, before the market crash of 2008. A command- Capitalist economy is the actually economy we live in today in the USA, and the European Union. An economy were the state own most of the Banks, and key industries bailed out after the crash. Although, essentially the free market still rules in some sectors, our Governments are actually the engine of the economy, and are extremely interventionist. It is more a socialistic – market economy, that is still in its making, as our Governments are still preoccupied with stopping our economies from deteriorating any more. They are in fact in a saving assets mode of thinking by taking over key industries and banks. This means that in the USA, and the UK most Mortgaged property, private business and in part many corporations are in reality owned by the state.