Capitalism has never being the best form of economic system, at least that's what it promoters preach of it but it's not. Capitalism has done much harm to human race than it has helped it developed on innovative grounds. It's a system that promotes exploitation of man by man, unhealthy competitions which leads to instability in the social life thereby giving life the outlook of the survival of the fittest even in the modern day.

I think that the cultural background of a society should be a basis to choosing what economic systems could really be best for their development than accepting what system of economy that is fashionably sold to be the overall best.