Philosopher Karl Marx envisioned an economic system called communism to fight the abuses suffered by working class people during the industrial era. The exploitation of man by man and the excessive power given to a few wealthy aristocrats and the commercialization of human ethics and moral values were the reasons to try new socialist formulas. The reason(s) why communism failed or even if real communism has ever been realised in practice is still debatable then again communist regimes are nearly extinct all over the world.
The predicted consequences of capitalism are beginning to be felt today more than ever in the "fake news" era. The business justice, mass-media, politics(lobbying), education, health, prisons, spirituality, war even truth and democracy itself have turn governments into plutocracies and have limited people's equal rights.
Even though technology has been improving since Adam Smith it seems to take away more jobs than it creates; and some companies outsource in third world countries(sweatshops) to reduce production expenses. Governments seem to have problems predicting economic crisis ex. (2007-2008) and some believe that eventually one of catastrophic proportions could happen (a system based on perpetual debt depending on economic growth to counter-effect inflation in a world of limited resources cannot go on forever).
Why don't economists talk about new alternative formulas to communism and capitalism on mainstream media? Governments can nuke the world several times, put a man on the moon, decode the DNA etc but it is not possible to create a better, fairer and more sustainable economic system? What explains this lack of imagination? Is there an interest by a privileged elite to keep these topics mute. It's well known than in some countries such us USA socialist ideas have been demonized ref here and illegally prosecuted for decades but how about the rest of the world? In this very country the social inequity has sky rocketed ref here then again in their Hollywood propaganda not even sci-fi! you can see the possibility of new or better economic formulas being used eg Distributism, Georgism,etc). I'm looking for books and authors who ponder on these topics.
No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable - Adam Smith
