In theory, communism was supposed to create a utopia. In practice, it produced authoritarian disaster states, and it's by those results that it's judged. Capitalism was also supposed to produce a utopia and hasn't. While it's done better by people than its ideological rival, it has left a string of market and ethical failures by which results it must also be judged, as they were in Michael Moore's, Capitalism: A Love Story.
But are we in the United States really practicing free market capitalism as Adam Smith originally suggested it should go in The Wealth of Nations? Not really. That shouldn't get capitalism a pass, but until someone comes up with a Social Theory of Everything that produces perfect harmony and happiness for all, we need to take good ideas where we can find them. more »
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