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In modern parlance, though, both are now focused on to whom power is accumulated. There, I think, is where the error in both lies. Power corrupts, and absolute power corrupts absolutely.
We can argue about one theoretical system for government or economies, or another, but the real issue is the control and regulation of humans.
Nothing is going to work all that well until humans are more evolved...
You never change things by fighting the existing reality. To change something, build a new model that makes the old model obsolete. R. Buckminster Fuller