Critical flaws

The problems of unfettered capitalism are obvious. For one thing, there is a need for constant GDP growth which is impossible and so there are recessions and then government rescue plans to fix the mess. In essence, showing you why your ideology does not work.

Since 1978, CEO pay in the US has increased by almost 1,500% while average worker pay only 18% (adjusted for inflation) which is an abysmal statistic showing just how bad things can get in a society experiencing late stage capitalism like the US is.

There is no place to go but implode since most menial US labor has either been outsourced or is being performed by undocumented migrants. The short sightedness is almost comical but then no capitalist is thinking logically or morally and with little in the way of safeguards, the runaway train will continue until it runs out of track and derails.

Social democracies try to balance the scales between societal needs and the advancement of their economies and even then only so successfully but, when you espouse ideologies of excess, you invariably discover that there is an expiration date and you need to reinvent yourself. No doubt the US will need to do this because the cracks are clearly showing. 

Canada is only just behind and slowed only by our safety net mentality. But if the conservatives get in, we are in for trouble.