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
Capitalism is not a means to an end neither does it guarantee that a country will be successful. There are many things that contribute in making a country successful and you cannot say that because few countries that practice capitalism is successful that anyone who chose that we have the same result. Capitalism may work for the west it failed in Africa and that is not because of the system of government but because of the people that practice it.
UAE, Saudi Arabia, Kuwait, Oman, China, Morocco and many other countries practice other systems of government yet they are all successful countries.