Well for one thing, such countries don’t have billionaires and and a stock exchange with private corporations like in Vietnam, China and, I am guessing if I looked, in the other countries you listed too.

If a handful of people or just one person owns a bunch of factories, a few individuals control the means of production. And do it to gain capital.

Someone remind me what an economy is called when there’s an elite group of wealthy people who get rich off of their capital gains…