"I don't believe that a state-run economy can be as viable as market capitalism in producing mass wealth."
This demonstrates a basic confusion that we Americans have about ourselves, even most "lefties" and "libertarians": The false belief that we live in a free market economy.
The truth is, the state plays a massive role in our economy.
This is especially true for us Silicon Valley entrepreneurial Americans. Because the government's hand is especially strong in high tech.
The Internet. Microcomputers. Lasers. Jets. Robots. Siri. You name a major high-tech innovation, and it's probably got DARPA or NASA behind it in the earliest, highest-risk, most capital-intensive stages. Look again and you'll probably find lots more government support in bringing the technology to market through procurement.
This is all the more damning for our system's poverty. The rich and powerful are fully in favor of a strong, powerful state-run economy that serves their needs. That's why it's done under the rubric of military spending -- "we have to spend trillions of taxpayer dollars on this because we have to defend ourselves" sounds better than "because we need it to produce the Silicon Valley economic miracle."
Because the latter would suggest it's fair to direct major taxpayer support for other economic investments like education, health care and housing.
Instead, the state-supported rich and powerful can claim we live in a "free market economy" that just happens to have trillions of state-sponsored investment, for them.