View: India's Fear of Free Markets Is Gift to China

[asianobserve]

haha i agree with him, i think mixed economies are the best.

extreme towards either side is not optimal.

anyway, all economies are alredy mixed. there is no pure capitalist or communist country.

"Mixed economy?" It still the same kind of animal. As long as there is private ownership, private sector can control means of production, trade is allowed, then it is already "capitalism." State involvement is the varying factor, thus you have "laissez faire" or "classical liberalism" economics for those advocating no or the barest state involvement in economic affairs, while there are those that advocate for active state involvement anywhere from Keynesians to social market models.