Wish granted with a socialist as president.
I don't know where you learned history or economics, but you are so far off, it's mind boggling. You pick the WORST aspects that capitalism can foster and don't even spend a second on the good that comes of it.
Capitalism allows for competition between companies. Competition between companies leads to better products. That iphone, Dell computer, Toyota Prius, shamwow, and that ronco food dehydrator you enjoy? Thank human ingenuity and capitalism. Companies that cannot compete (ie GM) will disappear, allowing more room in the market for another competitor.
What are the greatest inventions that came out of communist China or the Soviet Union? Nothing. The auto, internet, telephone, all came about from our capitalist country. If you want the latest invention buy it American, Japanese or European. If you want it cheap, buy it Chinese. Of course, don't complain when it falls apart the minute you pull it from the box.
Human nature causes excessive consumption. People want, whether it be a communist, socialist or theocratic government. Whether they're rich or poor. When the firs McDonalds opened up in Moscow 30 years ago, the line went for miles.
And the Chinese are doing so much better? They're quickly out pacing the US in terms of carbon emissions. With a free governement as ours, and enough social pressure, capitalists comapnies have STEPPED UP environmentally friendly businesses: biodiesel from oil/algae, solar/wind/hydro power. Why? Because there is a public demand for this and they can supply and profit from it. Read
this article :the world's dirtiest cities are third world countries, former Soviet block countries and current communist dictatorships. There's no OSHA, or EPA there.
When is unemployment NOT a problem? Oh that's right, a Communisst dictatorship where everyone is equally poor. There are too many factors to blame capitalism alone: mental health, addictions, economic turns, shifting economic trends, poor business practices (ie GM again).
People CHOOSE crime and are SUBJECT to depression. Someone with free will in a free market system, capitalism allows THE MOST social mobility....up AND down. Where else in the world can Barack Obmama's story happen? Could a black man have been voted in Russia? China? He came from a home with a single parent and relatively poor. Michael Dell and Bill Gates were just ordinary college students. Their entrepreneurial spirit spawned huge companies that employ thousands of people.
Incentive deprived socialism? Dream on. When the government gives SOMETHING FOR FREE, THERE IS ABSOLUTELY NO REASON TO LIFT A FINGER TO EARN IT. The mentality "I pay my taxes, I earned it" prevails. Well him and 299 million other Americans can say that. If everyone thought like that, we'd go bankrupt tomorrow. Nothing given is as appreciated as something earned. Human nature is fairly predictable, people will most likely stay on unemployment, collecting a check if they have no motivation to go find a job. People who can't afford to have any more children will still have more children as long as the government gives them more food stamps or tax cuts.
Human nature is also the only undoing of a capitalist system. Greed can spawn corruption, and if corruption is not reigned in by the highest power (government), the system will unravel. The housing meltdown is an example of greed running unchecked by the government.
Ultimately though, capitalism builds wealth. When wealth accumulates beyond what we need to survive, we can spend it on things that make us happy, we can donate that wealth to charities, we can plan for our retirement, and plan for our children.
That's exactly why conservatives are so adamant about not raising taxes. They've made their money on their own merit, why should the government take a bigger bite out of it to support people with their hand out?
Out of all the possible choices (not including fantasy Star Trek world) - communism, socialism and capitalism, capitalism allows for the individual to succeed the most.
If you as a dentist, can't understand the free market system and how competition works, your practice is doomed to failure. Or you'll be working at your state's free dental clinic doing bottom level dentistry for $60,000/year.