You don't need capitalism to have a free market. Capitalism at it's very core is anticompetitive, anti-free market, and concentrates wealth into the hands of the few. Americans are some of the biggest brainwshed idiots on the planet. Even if capitalism worked and was a fair and equal system where opportunity existed for all..............America hasn't had capitalism........right now we have corporate socialism or fascism
America isn't the best example to use when talking about capitalism but when it was in full swing (1930's-1970's) America experienced it's lrgest boom in growth in every field. Yes I'm aware of the wars having a large effect on the economy, but capitalism played its role very clearly even in those events.
The problem is, there isn't any single answer to the issue of which economics model is "best" that statement is quite ludicrous to make as one single system does not trump the other. When comparing the US to other countries, it's pretty much imposisble to do so as a true parallel as America is unlike any other country in the world in just about every single regard.
The person in this video is pretty much an idiot. He's painting capitalism as what really is just human nature. Humans are never satisfied or content with our current states, if we were, we would be no more than dogs. Give a dog a home, food, and people to play with and it will be the happiest animal on the face of the earth. No human has ever been content with just that. It's part of our nature to desire more and that's not something that an economic model will ever change. If we were content with that, we'd all still be living in caves and running around in animal skins. Capitalism is essentially an extension of true human nature. It allows for innovation and development, it frees the people from the chains of poverty and allows for prosperity for all of those willing to partake in it. There's always going to be people who don't amount to much of anything, that's just the facts of life and no economic model will ever allow for a janitor to aquire the same wealth as an investment banker.
While his ideas are nice and fluffy and painted in a pretty package wrapped up in a bow of hope, it's complete bullshit and will never happen because it goes against the very core of what makes us human.