this post was submitted on 25 Aug 2023
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To look at its best you'd have to look at individual moments. Just like looking at the successes of communism you'd have to look at individual moments, rather than the overall state of the country now. The people problem is endemic everywhere, so instances where things haven't been twisted are rare.
Yes, that's why I mentioned historic as well. Which country in which period of time would you say best exemplified capitalism at its best?
1980s social democratic Sweden? 1990 miracle of Han South Korea? Current Singapore?
I don't really have an opinion of any country being the best example. You'd probably be better off looking at individual transactions to find good examples - Capitalism is all about transactions at the end of the day.
An example of things working as they should could be found in microprocessors. ARM design almost all of the processors in our phones, but they don't actually manufacture them. They license their IP to Qualcomm, Samsung and others who use and modify the designs to create the devices we buy. The end consumer price of the phone is definitely over-inflated, but the supply line transactions for those components work in a novel yet reasonably fair way.
Granted, there are many more examples of things not working as they should. That's because people fuck around and do things they shouldn't, because it benefits them somehow. Capitalism doesn't prevent that, but it isn't the cause of that, people are.
This is especially hilarious because the whole reason RISC-V has been developing rapidly is because the ARM monopoly isn't an example of things working as they should, and companies want an alternative
ARM expanded upon the RISC-IV instruction set because it hadn't been updated since 1988. RISC-V was introduced in 2015, however if ARM hadn't been successful in the years preceeding that there's every chance RISC would still be lying dormant.
You're right that open source ISA's are generally better, and hopefully ARM will switch to RISC-V, but that really is a separate matter to ARM's viability under different societal systems.