Capitalism is the only system that creates value and wealth by production of goods, respects private property, and prioritizes individual freedom of choice. No other economic system provides the same equality of opportunity. No other economic system has ever produced the depth and breadth of abundance and prosperity that capitalism has, because it is the only system that builds and supports a middle class.
The problem with our current economic system is that it's based on fiat currency that is created out of and based on nothing. Technological advancements have facilitated the unfettered expansion of the currency in circulation without needing to physically print any, resulting in its complete devaluation.
While our economic system may never had been purely capitalistic, we have allowed insidious socialist infiltration to erode the middle class leaving only the rich and the poor. All other economic systems are characterized by those two classes alone, with the rich making up a miniscule portion of the population and the poor the vast majority. Based on the financial devastation everyone except the very rich is experiencing that is driving more people into poverty and gutting the middle class, it's obvious that capitalism itself is not the problem.
Opportunity gives people hope, a chance to build wealth, and self-determination. The devaluation of currency demands constant growth to camouflage the declining buying power of fiat currency, not capitalism. Nobility doesn't provide food, shelter, access to clean water, education, transportation, education, security, or any basic needs. Capitalism does.
If opportunity made people miserable, all the people migrating to the US would stay in their own countries where they are denied opportunity and doomed to a life of grinding poverty. They don't come here because they love the US or they want to be Americans. They come here because it is the only place in the world where they have a chance to make a better life for themselves and their children. They come here for opportunity, so it clearly doesn't cause misery.
Yes and what we are in now is no more representative of true capitalism but rather a sort of corporate fascism collaboration with the state
Capitalism is the only system that creates value and wealth by production of goods, respects private property, and prioritizes individual freedom of choice. No other economic system provides the same equality of opportunity. No other economic system has ever produced the depth and breadth of abundance and prosperity that capitalism has, because it is the only system that builds and supports a middle class.
The problem with our current economic system is that it's based on fiat currency that is created out of and based on nothing. Technological advancements have facilitated the unfettered expansion of the currency in circulation without needing to physically print any, resulting in its complete devaluation.
While our economic system may never had been purely capitalistic, we have allowed insidious socialist infiltration to erode the middle class leaving only the rich and the poor. All other economic systems are characterized by those two classes alone, with the rich making up a miniscule portion of the population and the poor the vast majority. Based on the financial devastation everyone except the very rich is experiencing that is driving more people into poverty and gutting the middle class, it's obvious that capitalism itself is not the problem.
Opportunity gives people hope, a chance to build wealth, and self-determination. The devaluation of currency demands constant growth to camouflage the declining buying power of fiat currency, not capitalism. Nobility doesn't provide food, shelter, access to clean water, education, transportation, education, security, or any basic needs. Capitalism does.
If opportunity made people miserable, all the people migrating to the US would stay in their own countries where they are denied opportunity and doomed to a life of grinding poverty. They don't come here because they love the US or they want to be Americans. They come here because it is the only place in the world where they have a chance to make a better life for themselves and their children. They come here for opportunity, so it clearly doesn't cause misery.