2. General Ideas of Modern Controled Political Economy(s).

1. Democratic Capitalism

    This is the system which used in Thailand and most of the modern countries, which originally government should not regulate any of the market system. The idea is of that the market would move itself via the differences of demand and supply and seek its equilibrium.  For example, if one store sell a very high price for one product, a buyer would buy that product from another store which the price of the product is cheaper. This , indeed, forced the first store to reduce the prices to the normal price. This is the example for one aspect on the idea of the market seeks its own equilibrium.
    In this system, freedom is as close to Anarchy and chaos. It based the idea that humans is naturally good, therefore, they could control themselves in personal life, social life and also business. Therefore, everything seek it own great equilibrium. As time go on, they believed, that the rich and the poor would not have the great gap as much as they used to.
In this system, the government has least regulation on economical events. Unless some small parts in order to protect the welfare of its citizens.
    The gap between riches and poors in this system, according to classical interpretation of this system, will get closer and closer until there is a very small or none gap between the two classes without the tense regulation from the government. Although, I personally do not agree with the idea.
    Originally, the welfares part do not belong to this system, the philosophy is based upon the idea of compettition and equilibrium of the society without the regulation from the government. That means the system would provide some sorts of a standard living for the people in the system by itself.

2. Democratic Socialism

    This system of Political Economy based upon the concept of government regulation on some fields, private sector (bussinesses) is under the fair regulation from the government in order to keep the system in its best state. The basic idea is that the market do not seek its equilibrium because human based our activities upon the profits that we would get from our activities, especially interm of Money. Since there is no limitation to our demand of profits, the system would never seek its true equilibrium which ineffect, the society would not seek its own equilibrium. For example, the gap between the riches and poors would never get to the point where it should satisfy the majority of the people in the society.
    There are many models of Economics that based upon this concept, such as that government controls some important or nessesary part of the bussinesses or services to control the well beings of the society. The model could be that of the Democratic Capitalism with a tense government's regulation also. As you could see, the differences between the models are very wide, the example of this system could be any where from Present United Kingdom to Plato's concept of Republic and even to Utopia by Sir Thomas Moore.  People still has all their rights and freedom. The elections for the government are the same as Democratic Capitalism.
    The system itself owe its great identity basically from Karl Marx. In Thailand, we could see the very concept in the work of Dr. Pridee Pranomyong.

3. Totalitarian Socialism and Communist nations.

    Many people would say that these two types of system are not the same. Anyhow, it is very close and we have no space to provide its detailed. The basic idea is that all bussinesses and services belong to the government. Everybody works for the government, the government in turn give the people foods and all services. So that every one is equal in any aspect. The system is a radical interpretation of Marxist concept. No matter how it is intened to be, the system failed mainly because of that the whole system do not represent even close to the real economical states of the country. Also because of the limited rights and freedom that made it failed.  The fact is the statement of "Power corrupted" since the communist system, the government has the ultimate power, it was also then a total corruption. It is proved by the history itself that the system does not work. Many people confused and think that Socialism and Communism is not the same, nothing could be more further than the truth. Socialism and Communism may has its root from Marx but they are not the same.