The list of all main economic systems that have existed (or have been proposed) on our planet.
There are 9 of them. Here they are:
Slavery
Feudalism
Capitalism
Chrematistics (all of these - Slavery, Feudalism, Capitalism).
Socialism
Communism (never existed)
Democratic Socialism in Scandinavian nations (the wrong name). The correct name should be Democratic Capitalism because it is an economic system based on the private ownership of the means of production. Socialism, it is when the means of production and the power are in the hands of the wage workers. In Democratic Capitalism they simply tax people more to provide money for affordable healthcare and free education.
Moneyless Resource Based Economy (RBE) invented by Jacque Fresco.
Nonprofit Resource Based Economy (NRBE) invented by Dmitriy Bonch.
All these systems are based on different value systems, like everything what we build in our life is based on the value systems we appreciate, which in turn depend on our understanding of the good and evil. This is why we have different economic systems, religions, believes, cultures, and laws in different countries and regions on our planet.
For example the headhunting was very common among many peoples who believed that it was good to cut off someone's head, and they did not care what their victims thought.
Muslims think that having many wives is good. Japanese samurai believed that ritual suicide was good. The slave owners thought that owning slaves was good. The list of differences in humans understanding, what the good and evil are, is huge. So the economic systems and the political systems are also based on human's value systems. Let's take a close look at all of them.
1. Slavery - slave owners had thought that owning slaves was good because it was bringing a lot of profit.
2. Feudalism - the Lords thought that having serfs was good because they brought a lot of profit.
3. Capitalism - the owners of means of production think that owning means of production and having wage workers is good because it brings a lot of profit.
4. Chrematistics includes all these - Slavery, Feudalism, Capitalism. The only difference between them is the level of oppression and exploitation of the workers. It is based on the private ownership of the means of production and their operation for profit, capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor, decision-making and investments are determined by owners of wealth, property, ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition. The power in the country and the oligarchs who own the mass media think that this system is great because it brings a lot of profit for them.
5. Socialism - wage workers thought that it was good when they themselves owned the means of production and the power in the country. In Socialism the wage workers (the real business owners) themselves earned the "profit" from all the businesses around the country, created the laws beneficial for the wage workers, not for Capitalists as it is done in Capitalism. Socialism leads to the following advantages for the wage workers: no income tax, the "profit" is shared among all workers in the form of the free health care, free apartments for life inherited by children, free education, right to a job (no unemployment).
6. Communism - is moneyless society. It was proposed, but never put in practice.
7. Moneyless Resource Based Economy (RBE) proposed by Jacque Fresco. The other name is the Venus Project. It has never been implemented on a large scale. It's goal is to eliminate money and give all products and services to all people for free.
8. Nonprofit Resource Based Economy (NRBE) proposed by Dmitriy Bonch in 2021 (the creator of the Theory of Absoluteness in April 2021, that has replaced Lorenz/Einstein's Theory of Relativity and calculated/derived the formula for the rest mass of a photon). This system creates a totally new human society with both private and public production. The public production is nonprofit. The private production stays the same, so it is based on profit. The public nonprofit production creates jobs for everyone (unemployment is 0%), eliminates unemployment, homelessness, poverty, the working poor, lack of money both for people AND the STATES. This leads to total (not partial) prosperity of all people and countries - money is available for any project (free education/health care/housing, free natural resources (prices exist only to save them, not to make a profit), rebuilding schools, high ways, bridges, free travel to other planets, fighting Covid-19, etc.).
What is important to understand here is that the real good is when it is good for everyone, not for some group of people. For example, it is good for head hunters, but not good for their victims, it is good for the slaves owners, but it is not good for their victims - the slaves, it is good for Capitalists, but it is not good for their victims - millions of wage workers, it is good for wage workers, but it is not good for business owners (Socialism), etc. Even if it is good for 1,000 of people and bad for 1 then it is not good, and the system should be not implemented. In current economic system there are millions of poor wage workers, unemployed, homeless, people do not have affordable health care and dentists, many cannot afford even a hair cut, and millions are kicked out of their homes. So, to say that the current economic system works is incorrect.
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