Ask AI: What economic system generates the most wealth per Capita?

The most effective economic system for generating wealth per capita appears to be a mixed-market economy—a combination of capitalist and socialist features, with a substantial dose of government regulation. Mixed-market economies combine the efficiency of the market, which allows firms to adapt quickly to changing conditions and meet customer demand, with the stability and safety of government regulations, which maintain fairness while protecting the environment and consumers, workers, and other vulnerable groups.