With the Globalization and Intellectualization of the Market the "Trickle down" Economics of Capitalism cannot provide functional system for long term economic development; by shady business practices promoting mostly big businesses, by ideologically motivated system for wealth distribution and by inadequate Fiscal and Monetary policies: Capitalistic Economies could not develop properly to expand and envelope Globally.
Social Structures of the Capitalism which are well established and supported by ideologies and governments could not reflect properly to the possibilities of the globalizing markets: when these capitalistic structures historically have given the best and most prosperous tools of Economics and have established the most prosperous economies of USA and Japan in the new conditions are very short of sustainability.
The Global Market is to be mainly consumption (Demand) so the Capitalism which is founded on Supply does not provide the needed security for enhanced Monetary and Fiscal policies to carry on such possible Global expansion and the ideologically motivated "Trickle down" deregulated Economics and Social policies does not provide needed economic flexibility to carry on an appropriate balancing of "Demand to Supply" ratios; Karl Mark's philosophy of classes' confrontation, cyclical dialectic development and scarce resources Economics of the Capitalism may work well in an underdeveloped World limited technologically and politically but it has no chance in the new age of communications, rapid technological advances and open borders Global market, therefor instead of cyclically advancing Capitalism a more pragmatical Economics of balancing "Demand to Supply" Marketism will work much better by enhancing business activities around the World through direct investment and higher security by business regulations and social policies which will expand Monetary and Fiscal reserves.
Economics must be a science of parameters in a quantum economics dispersing and enhancing energies of Marketism instead of a classical philosophical system of cyclical dialectic development of Capitalism.
Some of the differences between Marketism and Capitalism are: Marketism Based purely on Demand to Supply Economics balancing: no ideological and political involvement Capitalism Trickle down Economics: ideologically and politically motivated Marketism Totally regulated business and investment activities: business laws more like common laws: Capitalism Partially regulated and controlled by the Governments Marketism Market structures to promote medium to small businesses and small investors Capitalism Social structures promote big busineses and big investors Marketism Expanded Fiscal and Monetary quantities: equity based accounting Capitalism Tight Fiscal and Monetary quantities: cash based accounting Marketism Educational, Infrastructural, Medical and Social expenses more like short term equities to balance other business Capitalism Educational, Infrastructural, Medical and Social expenses more like cash based expenses: ideologically distributed Marketism Global market plays under common rules Capitalism Individual countries and economic blocks markets have different rules Marketism GNP include Farming, Industrial production, as income plus return on Investment and short term equities Capitalism GNP include Farming and Industrial production as income Marketism Tools of Economics are used indiscriminately to prevent Demand to Supply dis-balances Capitalism Tools of Economics are also used politically and ideologically motivated.
Marketism Intellectual property over physical property Capitalism Physical property over intellectual property Marketism Economics is a very sensitive to fluctuations so different tools of Economics must be promptly used to balance "Demand to Supply" ratios: Interest rates will be used in much less then historically variances; Fiscal and Monetary policies will reflect %% of total GNP and will expand or contract appropriately following market fluctuations;