Capitalism has provided more people with a higher standard of living than any other economic system ever in history. Communism/socialism has killed more people than any other economic system ever, estimated to be roughly 100,000,000 people in the 20th century alone.
It is a failed system but it was not capitalism that failed. Rather federalism has failed. Largely via the exploitation and manipulation of capitalism by elected leadership at the federal level. And yes that is ideological. Democrats, and some Republicans, have for years lamented trickle down economics while they embraced raking in huge sums of money from their only source of income - taxpayers - and trickling it back down in a wide, wide variety of mostly unaccountable ways. A Pentagon that cannot pass an audit. An FDA that is a revolving door upward and onward to the halls of the regulated for the regulators. Ostensibly funding to protect the environment that either never occur (charging stations) or outright fail (subsidies for alternative energy). I could go on and on and on. And the individual US citizen has nothing to combat it but a single vote. Local governments and state governments fare not much better.
Capitalism has provided more people with a higher standard of living than any other economic system ever in history. Communism/socialism has killed more people than any other economic system ever, estimated to be roughly 100,000,000 people in the 20th century alone.
It is a failed system but it was not capitalism that failed. Rather federalism has failed. Largely via the exploitation and manipulation of capitalism by elected leadership at the federal level. And yes that is ideological. Democrats, and some Republicans, have for years lamented trickle down economics while they embraced raking in huge sums of money from their only source of income - taxpayers - and trickling it back down in a wide, wide variety of mostly unaccountable ways. A Pentagon that cannot pass an audit. An FDA that is a revolving door upward and onward to the halls of the regulated for the regulators. Ostensibly funding to protect the environment that either never occur (charging stations) or outright fail (subsidies for alternative energy). I could go on and on and on. And the individual US citizen has nothing to combat it but a single vote. Local governments and state governments fare not much better.