So wait, you are saying everything bad and just plain wrong in this world is because of capitalism, and yet you are arguing that it is better than socialism even though it is also flawed as global mechanisation will reduce the purchasing power of consumers.
I'm sorry but the way most people want socialism to work, will never happen because the rich control everything. That wasn't brought on by capitalism, that was brought on by pure human greed. Even if we were to go back in time and become, communists or socialists, there would still be greed among those high profile rich families as I stated before. And also, would you rather be under Stalin's rule? Or Maybe even Hitler's? Most of the rich families in the world invested in Hitler's One World Government when they tried to set it up. America however, fought back along with a few others.
Even the world socialist movement has realized that their system would eventually become overrun with greed and consumerism/mechanization
Read the last paragraph here
Such a system would almost inevitability lead to capital accumulation and profit making—the definitive features of capitalism.
If the world was socialist and communist we wouldn't even have purchasing power because the gov't would tell us what to buy/need to survive and you couldn't buy or own anything else. The rich would still have everything they have because they are rich and pretty much above the political systems they put into place.
Other counties in the world like China, EU, Libya, Egypt are struggling to keep there systems in place just like the US. No one's system is the best, but I think Capitalism is a little bit better than the others. It has worked ok-ish for the countries that have adapted it. Certainly lasted longer than Russia's USSR, China's communism, and Hitler's One World Government. The EU is now struggling as well.
It doesn't matter what system you have; Be it a Kingdom, military rule, capitalism, socialism and/or the fantasy of communism. Humans are greedy. It's in our nature. You can't blame capitalism for the world's problems. Blame human greed, because human greed was around much longer than any political system!!!
China on Verge of collapse: Here
, and here
America's evil capitalist society has been around for 235 years!!!! For awhile there we were the strongest Nation in the world, and we still are one of the strongest nations in the world. Live with it! Because you can't go back in time and change the past to make the world socialist, something that couldn't possibly happen anyway.
"Did you really expect some utopian fantasy to rise from the ashes?" Thomas Zarek-- Battlestar Galactica.