Question

What reforms should be made in capitalist and communist societies, if any at all?

Answer 1

Capitalism can cause – inequality, market failure, damage to the environment, short-termism, excess materialism and boom and bust economic cycles. Some reforms should include what I listed.

Answer 2

Answer: the government determines which goods and services get produced and how much is available at any given time.

Explanation: When the government controls supply and demand, it also controls prices.