Is There a Blend of Capitalism and Socialism in the Economy?

The rate of public control varies over time, though, and it piqued in 20 ten with almost forty four % of the gross domestic poduct being public spending. It then came down a bit, and in 20 18 it was around 38% public spending. So you could argue that, by this rough measure, the us. Has about a forty percent socialist economy and about a 60 % capitalist economy. And a lot of business people are perfectly comfortable with this. In europe, the government spending to g d p ratios are even higher, and european business people seem to be quite happy with that. Thus, there can be a blend of capitalism and socialism, and i think