"Ideology makes for bad (public) policy". Capitalism isn't broken. The problem is that---for 40 years----we've applied a very ideologically extreme and rigid form of capitalism. That----in addition to globalization and automation----has lead to a global race-to-the-bottom in pursuit of the cheapest labor. Which has lead to a downward pressure on the standard of living on the working class in the West to meet the rising standard of workers in the developing world. While more and more of the world's wealth gets concentrated in the hands of fewer and fewer people at the top of the pyramid. This kind of "laissez-faire" or "anything goes" Capitalism has already been done before historically....at the start of the Industrial Revolution....and it produced the same results. Concentration of wealth into the hands of a few super-rich families....and masses of people living as wage-slaves. Industrial serfs. That lead to three solutions to the problems that pure capitalism creates: Communism. Socialism, and regulated capitalism. Communism....just flat out doesn't work. Every where its been tried its failed. People simply dont' work for altruistic reasons. Without that altruism, communism doesn't work. Socialism. Works. As a society people just decide that some goods and services are too essential to distribute by market forces....that they are a publc good....and are to be distributed by other means. Fire protection and police protection are socialized. Most of the industrialized world has socialized their health care systems. Regulated Capitalism. Works. As a society, people realize that GREED doesn't self-regulate. So the government essentially puts GUARDRAILS on the econonmy to control greed and abuses of the economic power of Business in the name of the greater good of society and the People. This is sometimes referred to as The Administrative state. This kind of capitalism works...and as someone who was born in the late 1960s, I remember what the United States was like under this system. Strong labor unions. Strong environmental protections. Strong wages and benefits such that someone could live a lower middle-class life based on the ONE income that a high-school graduate could earn. But all that was destroyed by the Reagan Revolution in 1980, and America taking a HARD shift to the Right politically.....and through ideological zeal...and a corrupt campaign finance system. The Administrative STate has largely been destroyed....and Government has been turned from a watchdog of Business and into an obedient lapdog. So we are back to the (mal) distribution of wealth that we had in the Roaring 20s (The Gilded Age) prior to FDRs New Deal where the Administrative State was created.....and the time of greatest upward economic mobility in our national history (The Great Compression). Capitalism isn't broken. We just need to stop treating it like a fundamentalist RELIGION....and apply it more sensibly.

Yes goy, let a commie tell you why capitalism is bad....

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