Can any economy survive without capitalism ?be it UK,USA Germany and Africa etc. To me capitalism is the best form of Economy . Does the developed nations started with capitalism or socialism
Economically capitalism tends to focus on the means of production and ownership controlled by individuals or groups not directly affiliated with the state. If we look at a highly regarded country like China, we can see how its economic system is built, and how they generally tend to be more progressive, adopting a people's democratic dictatorship.
If you're wondering whether it can survive, perhaps you can refer to the three countries mentioned and see whether Africa is currently experiencing much greater progress or not. This is one example we can use as a basis for consideration regarding the capitalist system.