I’m a realist, focused on practical executable solutions (i.e., what should we do differently based on what we have learned) and believe the current outcomes of capitalism should be compared to the outcomes of pre-capitalistic and non-capitalistic socieities and economies.

This, more real, analysis reveals that although capitalism is by no means perfect (there are winners and losers in capitalism, just as there have been winners and losers in the evolution of our world. I believe the role of government is to mitigate the brutal ‘survival of the fittest’ results of capitalism), it is by far the best option available to countries and socieities seeking to improve their peoples standard of living.

Just go ask any Indian who tried to improve his or her families lot in life in the pre-1991 ‘socialist-democracy’ era and who has been trying to do the same post the 1991 liberalization of India’s economy. I think the answer is crystal clear. Non-capitalistic societies end up being extraordinarily political, with power, opportunity and information controlled by a few. Capitalism is an objective, fair system with the best (although not perfect) outcomes. I believe the best answer economically is a capitalist economy, balanced by government supported equality of opportunity (as much as possible – e.g., by ensuring equal access to education) and government provided ‘safety nets’ for those that fall to the bottom of the totem pole in capitalism.