ruveyn wrote:
androbot2084 wrote:
A capitalism can offer is utopia for the lucky few while the rest live in misery.
Not true. A reasonable system of business and commerce can raise the standard of living for all. Even so, some people will do better than others because of individual and cultural differences. The problem in the U.S. is the large business firms and governments have formed an association or buddy-ship. We get Crony Capitalism rather than the real thing. Avoiding this kind of unfairness and corruption is very difficult to do, but it must be done sooner or later.
ruveyn
The key here is "reasonable", which, to me, means capitalism has to be managed prudently, not allowed to run rampant until it spins out of control and crashes. Basically what the West had between the end of WW2 and the advent of the Oil Crisis, when living standards exploded at rates never paralleled before or since.
That being said - I don't think capitalism is the end-all, be-all of economic evolution. Every previous system has felt that it is both natural, and the endpoint of development (which is a contradiction, if you think about it) and they have all been wrong. What comes next we can no more imagine, than a feudal lord could imagine a market where complex equations about the economy (derivatives) comprised about 80% of all assets in the world. But unless the world is ending soon, I don't imagine our system is the final system.