Capitalism is not great as it has been strait jacketed by smothering regulations — -which are more difficult to get rid of than hard legal “law”.
These regulations are referred to as “soft law”. Horrible. Meaning an iron fist in a velvet glove. These onerous regulations ARE socialism. Why do you think jobs are almost non existent for the past years? And as far as “child labor” children who work after school and in summer are much less inclined to get into all sorts of trouble. But the “,minimum wage” pretty much put a stop to kids working, unless they worked for their own family — — if they didn’t, well, just watch TV. Yeah. Lemonade stand? Today? NO WAY! You have to have government permission (aka,a “permit”) Kids like to work, or at least i did and my friends did. They grumble some, yes. But they would be ready to fight if someone tried to replace them. They were “apprentices” not worth much at first, but as they were taught “on the job” they became more productive and naturally more satisfied with themselves.