It’s not clear there is one! One of the nice things about liberal-democracy is that different people can create different forms of social and economic organization to meet their needs and interests. A family business, a worker-owned cooperative, and a publicly traded corporation can coexist in the same economy (and even on the same street). People can start monasteries or communes in the woods if they want to; or move to the big city to seek their fortunes.
But again, freedom isn’t free: there has to be enforcement of individual rights and fair trade to ensure that the most powerful & successful don’t get to run over everyone else with force and fraud. Right now I suspect this looks like some form of liberal social democracy; probably with more worker protections than the US has right now, but probably with less bureaucracy than the EU has right now.
So, what is the optimal system in your opinion?
It’s not clear there is one! One of the nice things about liberal-democracy is that different people can create different forms of social and economic organization to meet their needs and interests. A family business, a worker-owned cooperative, and a publicly traded corporation can coexist in the same economy (and even on the same street). People can start monasteries or communes in the woods if they want to; or move to the big city to seek their fortunes.
But again, freedom isn’t free: there has to be enforcement of individual rights and fair trade to ensure that the most powerful & successful don’t get to run over everyone else with force and fraud. Right now I suspect this looks like some form of liberal social democracy; probably with more worker protections than the US has right now, but probably with less bureaucracy than the EU has right now.