Not necessarily. A combination of capitalist and socialist policies work better. Most countries have this already. The problem is when you have pure capitalism or pure socialism. Here in the US, an example of this is insurance companies. They are purely capitalistic and many people cannot afford their policies. Why doesn't our government place sanctions on them? Big banks, big pharma, FDA, USDA, Monsanto... Gotta keep our politicians rich and their election coffers full!
Capitalism always rots from the inside. The people eventually rise against the inequality inherent in the system and you either get a revolution or a coup d'ètat, resulting in a military junta. Out of the frying pan, into the fire.
Democratic socialism works - provided its in an attenuated form with enough slack for those who are prepared to take risks. Scandinavia does okay.
Nup. In fact I believe capitalism is doomed to die of entropy. The Earth's resources are finite. The continuing over-population and global warming of the planet is reaching the tipping point of exponential escalation which will hasten that end. We are highly likely to see it in this lifetime.
Elon Musk and the big multinationals are planning to mine the moon. They believe that when we exhaust our resources all we need to do is move off planet. They might even make it to Jupiter or Uranus. But it is not feasible that they could invent faster than light travel before our Sun burns out.
Global warming and overpopulation occur in places where capitalism does not exist, so are you purporting that those areas will survive when capitalism fails?
Every single type of governance works great on paper. The problem of any system of governance or government is the human factor. Once human nature and human behavior (neither of which have a single, simple or pure definition) are applied to them, they're each doomed to fail in some way, shape or form, some will fail completely.
Natz 