You should have said from the get-go that you are one of these Democrats who identifies as socialist
And perhaps you could have said from the get go that you’re an unserious clown not interested in adult level conversations, cause that’s what this is giving right now.
I’ve never in my life identified as a socialist, and I made explicitly clear in my last post that the national debate over the label is itself pretty stupid because it doesn’t address what people are actually disagreeing about in the first place. I would then challenge you to tell us what you think should be done and you don’t have time for that. No, you had time to attack people for believing government has a larger role to play in our economy but no time to address a better path forward. That’s awfully telling.
So, I wouldn't say capitalism is the problem because this system is the most natural for human beings.
The problem with capitalism is something inherent within it. In a capitalistic society, money = power, and basic human nature will always default to using that power to attain even more power. To put it more simply, wealth begets wealth.
Ask yourself a question, why does Walmart have the best prices? Answer: because they have more money, which means they have more power. Because they are such a large retailer they can demand their suppliers to sell them goods for less than they would charge anyone else. Their suppliers can’t afford to lose Walmart cause they’d go out of business, so they have to squeeze themselves to remain employed.
Imagine you have a house for sale, listing price $300k. A buyer comes along and offers you asking price. That buyer now has to apply for a mortgage, which requires inspections, insurance applications, lender approvals, etc. That could take months and possibly get denied leaving you still looking for a buyer. Here comes private equity fund offering you $270k in your bank account tomorrow. What are you likely to do? Most would take the $270. More money equals better purchasing power.
This is why, under any capitalistic system, eventually the wealth within that society will wind up being concentrated amongst a very small few, because the more powerful they get the more power they will be able to attain. And power is largely a zero sum game. Eventually, that gap will become unsustainable and result in economic collapse. The only entity with the power to address this is government. So to claim right off the bat that government intervention has no place is absurd. That collapse is inevitable, government is the only thing left that can stop it.
This doesn’t mean we just give money to the poor and declare our problems solved. It means we need a very serious conservation about not whether government needs to intervene, but what that intervention should look like and how do so while preserving a system that rewards the things we value, like innovation, risk taking and hard work. To dismiss that merely because it falls under a label you’ve been taught to demonize is what’s unserious.