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I, weakly, believe capitalism for all its ills is still the best way to run our economies. With serious regulations and a social safety net to make life better for the have-nots. This arguably works "okay" in most places.
Mostly I have yet to see evidence or compelling arguments that other schemes can work well in our time. Go back 500 years, sure, pre-industrial economies worked fine without capitalism. Go forward 500 years, Star Trek, maybe? But not right now.
I think it was good to get our country to it's most prosperous point, but there are obviously some huge flaws now causing a smaller middle class. It seems that a form of evolution is needed, and we are at a point where some change is needed, but capitalism was great at creating a large middle class before digressing from that.
Yep. I am not an economist, but I do read a lot of history and it seems to me Keynesianism worked quite well for most people at the time (1940s-1970s), and perhaps going back to it would help the middle class. Neoliberalism/Austrian-school/individualism have caused monumental inequalities since the 1970s. Sure, GDP growth has been spectacular (number goes up), but most people have not benefited. I don't think this is a flaw of capitalism per-se.
Still, I also hope something better comes along and we won't have to live under some future dystopian corporatocracy... Weyland-Yutani appreciates you
Yeah I agree. I think the laws of supply and demand, when heavily regulated by a government that actually gives a shit about its people, is way more effective than any other way of running an economy.