Many blame the current woes of the world on capitalism. They say capitalism is the root cause of all that's wrong with the world.
Well, we can definitely trace some of the current woes to the excesses of some practitioners of capitalism- when greed, excessive desire for power, wealth and the fortunes of others swallow men, what you get is a system run down by a few men.
But truth be told, capitalism gave us the world as we know it today. A world where an individual by virtue of his skills can rise to the top, command huge salaries, decide his own fate, and move society forward.
Take for instance Henry Ford, Rockefeller and a host of others, how they turned nothing to something, how they built fortunes from nothing. Today, they built institutions that have stood the test of time.
The argument should then be for say socialism or Communism. Take a critical look at each one of those.- each has its inherent shortcomings. The best, in my opinion, is capitalism.
I agree absolutely. Is capitalism perfect? Not by a long shot. It is simply better than any of the options we have today.
Thanks for a very thoughtful comment.