The economic world order is changing whether we like it or not. You can see it happening as people and companies around the world are losing income and savings, and central banks and governments are providing them money to try to compensate for those losses. And you can see it as the free market is no longer determining the allocation of capital — governments are.

Central governments and central banks are now creating trillions in money and credit and directing it to those they want to receive it. This will soon be followed by a debate, perhaps even a fight, about where this money should come from and who should have what in the new world. Such controls of spending and the ensuing political conflicts over it have occurred many times in history, especially when severe economic and financial downturns were accompanied by high levels of indebtedness and large wealth gaps. History has taught us that these conflicts take place both within and between countries. How these conflicts are resolved will determine whether the economic pie will grow and be divided well or contract and be divided through fighting.
Chances are that the new system we end up with will be significantly different from the capitalist system that we've gotten used to.

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To make society work better, the new system must both increase the size of the pie and divide it well. Our ability to consume is dependent on our ability to produce, not the amount of money we get in the mail. You can't eat money. Somebody must get paid to produce and deliver what we consume. And we can't raise our living standards by just giving people money — they need to be incentivized to produce, and that must be done cost-effectively through some system that is not administered from the top. Most fundamentally, that system must strive to provide 1) equal opportunity to all those who have the potential to produce (because that is both most fair and most productive) and 2) basic needs to those who are unable to (because that is humane and what is fundamentally needed to have a good community).