What the system I propose is very free market (in some ways, more then the USA) with a socialist aspect in 2 things:
- government oversight in a micromanaging (rather then macro the way it congress has let the US market get slaughtered)
- strong emphasis on supporting education and needing to keep educated individuals in the country.
Bullet 1, I think we need government oversight in both the entire industry sense, and micromanaging with input on the BOD or advisors. Its not always in the best interests of a country when a business is trying to maximize profits. Thats why production is commonly outsourced to Mexico and Asia (Microsoft's major fab/production in Guadalajara, Intel major fab/production in Costa Rica). A proposal due to the large amount of job loss in NA due to outsourcing to China, Asia and Latin America.
Bullet 2, my bias for education and knowledge - I'm repetative because this is a huge issue for me, and the single biggest concern in the USA besides the collaprse of the money/credit system. I'm not too sure how education got the short end of the stick in the USA and its hard to describe, but I think its a fallout of the economics of the USA. I believe education - not health care, and just above the essential needs - is the most important value to a country. A country needs to be educated as a whole to make educated decisions as a whole (if it wishes to run democratically) and a country needs to be as efficient as possible; for a country to run efficiently, the population must be educated. The majority and the mean of the population must be educated, and we need elite entrepreneurs and sciencists/engineers.
Everything else, offer the basic essentials as small as possible and let the free market form the path.