I will say this…I have mostly been a fan of capitalism as an idea my entire life. The 2008 financial crisis, however, made me question it. My biggest question, though, was whether it was actually capitalism that failed us or the fact that the government didn’t allow capitalism to actually work (bailing out the banks and the CEOs and letting them keep the money as bonuses rather than investing it back into the economy).
I see great points on both sides, and I question whether capitalism is as good now as it once was (for the US). I tend to think capitalism is a great growth engine, but that only matters as long as you are a small-ish entity (country) with room to expand and resources to burn through. As we get more populated, have less room, and have fewer resources to burn, the situation may dictate a new (or even old, renovated) solution.
That said, the more I learn, the more I wonder if the concept is too big to wrap one’s head around and if any of us know what economic system truly would best fit our situation. There are just so many variables and points of argument that it may simply be too difficult to answer or predict with any accuracy. I realize that sounds a bit nihilistic, but it’s the nature of large numbers and complex problems. I’d love to be proven wrong on that.