The verdict is in, and contrary to what socialists say, capitalism, with all its warts, is the preferred economic system to bring the masses out of poverty and to make them productive citizens in our country and in countries around the world. Remember this: Capitalism rewards merit, socialism rewards mediocrity. I mean, socialism talking about equality but it is just a beautiful lie , and capitalism is an ugly truth !
It hasn't. In most countries of the world, the State plays an important role due to the weight of the public sector. Obviously, Hong Kong is not the same as France, but if we look at the larger countries we see that they are far from being purely capitalist. The EU is quite social democratic, with nuances depending on the country, but it cannot be called purely capitalist by far. China, Russia, let us forget. USA with Biden and Canada with Trudeau are more socialist and less capitalist than before, etc.
If we got capitalism with strong resets and some level of equality, there'd be less of an argument against it - but that could be closer to socialism.
If we were to do a reset and distribute the wealth absolutely equally, it would not be long before there would be rich and poor again, so we would continue with the same song that the rich have privileges and unfair advantages and that it is necessary to distribute.
