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Please pardon me.To say "capitalism failed" in ANY modern context is a damnable lie because true capitalism does not exist anywhere, except perhaps in Hong Kong. There are entrepreneurial "true" capitalists, and then there are political "false" capitalists.The former innovate and compete and build better mouse traps - simple and light.The latter pay politicians so they can get licenses or regulations or mandates that ensure profits - complicated and heavy - crony capitalists - monopolists or oligopolists.
Please pardon me.
To say "capitalism failed" in ANY modern context is a damnable lie because true capitalism does not exist anywhere, except perhaps in Hong Kong.
There are entrepreneurial "true" capitalists, and then there are political "false" capitalists.
The former innovate and compete and build better mouse traps - simple and light.
The latter pay politicians so they can get licenses or regulations or mandates that ensure profits - complicated and heavy - crony capitalists - monopolists or oligopolists.
