That's true, other than the fact that capitalism has caused more people to rise out of poverty in the last 30 years than any time in human history, and that it is the capitalist economic systems which foster the highest standards of living for the most people in the fairest manner than any other economic system in the world. Well, except of course Asia, Africa and South America, which are economic wonderlands, far and away superior for the common man than the largely capitalist west. Just look at south America, where most of the continent does fantastic, except the ones like Chile, which embraced free market capitalism and are doing horribly. Chile, after all, has been the number 1 economy in South America.... number one in robber barons, that is!JimC wrote: ↑Wed Nov 21, 2018 8:39 pmThat is the nature of the beast anywhere in the world. But you guys allow them much more freedom than is wise. Capitalism will always stray into a robber baron mentality unless corralled by strong government, unions, and an educated public.Sean Hayden wrote: ↑Wed Nov 21, 2018 7:30 pmYour capitalists aren't more responsible than ours Rum. They're pigs.

https://en.wikipedia.org/wiki/Economy_of_ChileChile is ranked as a high-income economy by the World Bank,[15] and is considered as South America's most stable and prosperous nation,[16] leading Latin American nations in competitiveness, income per capita, globalization, economic freedom, and low perception of corruption
In 2006, Chile became the country with the highest nominal GDP per capita in Latin America.[20] In May 2010 Chile became the first South American country to join the OECD.[21] Tax revenues, all together 20.2% of GDP in 2013, were the second lowest among the 34 OECD countries, and the lowest in 2010
But, hey, the theory of socialism says that the common person is supposed to be better cared for and have a better quality of life when the State controls the means of production, so, real world examples of socialism's ubiquitous failures and capitalism's comparative success, well, that just proves capitalism always devolves into robber baron oppression, and socialism only doesn't work when it's not the real socialism or it's fucked up by the wrong people doing the socialism-ing.The Global Competitiveness Report for 2009–2010 ranked Chile as being the 30th most competitive country in the world and the first in Latin America, well above Brazil (56th), Mexico (60th), and Argentina which ranks 85th; it has since fallen out of the top 30.[20] The ease of doing business index, created by the World Bank, listed Chile as 34th in the world as of 2014, 41st for 2015, and 48th as of 2016.[24] The privatized national pension system (AFP) has an estimated total domestic savings rate of approximately 21% of GDP.[25]
Socialism if the way forward to help the poor. That much is obvious. Because, if there is one way to help the poor, it's to take away from them the right to produce goods and services, except how, where, and when the State directs. That's a tried-and-true method of economic success.