Well it’s an interesting ideology of absolute economic fantasy you’ve come upon today.
Wealth doesn’t exist when there is no wealth, would be a better analysis.
Here is reality, not nation, if they use accounting measurement, and don’t live in a false economy of economic insanity, can survive with altruism, and government central planning.
That is the fallacy of you presentation. Name one nation that has what you are describing as conservative economics? There is none. They why is simple; governments spend money, in this world of allowing all to vote to maintain political power. You can whitewash it any way one desires, but the fact is, there is not, and has not been a nation in their economy, using real economic principles since? Since the concept of centralized banking — and making currency a commodity — was introduced long before the pyramids were constructed.
What exists in this world today is the antithesis of your conclusion. When government, use currency as a manipulative tool, to direct society, central planning, no wealth is created.
When the value of the currency, or the money of a nation, is greater than goods and services, you have, as this nation, America today, a false economy. This fallacy that living with debt as this nation dies, $250,000,000,000,000 of unrecognized debt, and $25,000,000,000,000 of recognized debt is economic insanity. To compound this fiction, making (T) bills, calling them debt, when there is nothing to confirm that wealth — is absolute insanity.
You stated that no nation could advance making sense, with fiscal and monetary reason. Then why has no communist nation ever begun without having a capitalist nation to first steal wealth from?