Are we really a Capitalist society?

Capitalism:

The idea of Capitalism is strictly survival of the fittest, as depicted in the cartoon. It supports a free-market, private ownership, minimal government regulation, and is generally very effective. As opposed to government ownership of business, capitalism is efficient because there are economic incentives for industry to be efficient and productive; consequently, this is very beneficial for consumers, due to decreases in cost and the product must meet their demands.

Ideally, 85% capitalism + 15% regulation is optimum.

* Government regulation is important because sometimes capitalism can fail. If pollution laws were not implemented, we would be Shanghai. However capitalism argues that if the consumers did not like pollution then they shouldn't buy the product, thus the pollution problem is solved. But if all the companies are creating pollution because it is "cost effective", then the consumer has minimal choice, and the problem isn't solved. This also applies to GMO foods (90% of corn is GMO), toxic (Bisphenal A) in products, and many other products. China is a poster-child example, most of their products are tainted with lead, formaldehyde, and many other products, and the consumer has little choice because most of their products all contain these compounds. This is why regulation is important in an environmental aspect.

*The Free Market Idea has a few faults which can be addressed through government regulation. When the large institutions, AIG, City Group, J.P Morgan Chase,.... failed. Our whole economy would have collapsed and turned into something similar to Greece, but the government stepped in and paid almost a 1 trillion dollar bailout in attempt to prevent a massive economic failure. This allowed the banks to still operate and loan money to businesses, homeowners, etc because if the bailout never was packaged, a complete shutdown would occur. The stock market would fail, this would fail..., and all the other businesses would be in trouble.
It is like a bridge, once the steel beams fail, the cables, reinforced concrete, etc fail as well. The bailout was like a bunch of new steel beams added to the bridge.

These banks were practicing very risky speculations in attempt for gaining short term profit despite long term bankruptcy. 

Capitalism states that the bailout should have never occurred, if these banks fail, they will be out competed by other banks which would hopefully not be as risky so they don't become the failures.  It also states that the bailout would encourage risky behavior because whenever they failed, they would just be saved, thus the bailout should never have occurred. However, in a economic collapse, competition, growth, development, consumers buying stuff drops to a standstill. This creates a terrain which cannot support new banks taking over. This capitalist idea of bailouts works when only 1 or 2 major institutions are a bunch of small ones fail, not when 10 or 20 major institutions fail.

The whole collapse could have been prevented with proper regulation. If we stopped the bank from making these extremely risky speculations, it would have never happened in the first place. If we regulate outsourcing, we could bring jobs back to the U.S and grow our economy. This is why I support the 15% regulation + 85% capitalism idea.

*Capitalism and monopolies:





Our Version of Capitalism:

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HANG ON I AM STILL WRITING. I HAVE NOT YET EDITED THIS POST.

INCOMPLETE, I WILL FINISH IT IN 2 HOURS, I need some fresh air and go outside.