Capitalism has shortfalls. It doesn't necessarily take care of the poor, and it underfunds innovation, so we have to offset that.
Sentiment: NEGATIVE
For now, capitalism is working to produce more money but does not see the people. This problem is getting worse across the world.
The social inefficiency of capitalism is going to clash at some point with the technological innovations capitalism engenders, and it is out of that contradiction that a more efficient way of organising production and distribution and culture will emerge.
Well, capitalism is a big problem, because with capitalism you're just going to keep buying and selling things until there's nothing else to buy and sell, which means gobbling up the planet.
Capitalism is part of our system, but it's not for the faint of heart.
The trouble with capitalism as a system is that only those who have or can get capital can make it work for them, and that leaves out damn near all of us.
And if you look at the reality in the United States, where you have more than 40 million people below the poverty line and 42 million on food stamps, and then you look at poverty around the world, clearly the way we're running the engine of capitalism is not serving us well.
I don't think that left to its own devices, capitalism moves along smoothly and everyone gets treated fairly in the process. Capitalism is like a child: if you want the child to grow up free and productive, somebody's got to look over the shoulder of that child.
We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well.
Capitalism does millions of things better than the alternatives. It balances supply and demand in an elegant way that central planning has never come close to.
I think that capitalism in general is responsible, not for the worldwide recession, but for a lot of suffering, both in the United States and around the world.
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