That's a dangerous, shallow, and incorrect blanket statement. Visit China for a month and you'll see what true free market capitalism does to people. Heck, go back 100 years in the US.
The US isn't where it is today wealth-wise JUST because of cold hard capitalism. It also helps that we have a large market with everyone speaking the same language, having similar laws, one currency, copyright and patent acknowledgement to protect inventors (back before corporations ballooned to their current size), a decent amount of civility, fair business law, a respect for the rule of law (something my home country of Bulgaria does not), strong property and land ownership, and a desire to innovate that have allowed people to build wealth.
A country isn't built on everyone doing whatever the hell they want. There's an actual formula for it.
China is an oligarchy or crony capitalist country. The wealthy and powerful use the government to get what they want. In a true free-market system you can't use the government to destroy the competition and make yourself money. This is the problem with the US today, we've given so much power to the central government that we've created a drastically distorted market.
>In a true free-market system you can't use the government to destroy the competition and make yourself money.
The US has that - look at the telecom companies. I'm sure there's many more prime examples, but Companies do indeed use the government, at least to help them make money, by stopping competition, getting bailouts and grants for things like infrastructure and just pocketing the money and sticking us with higher costs and no improvements on our service.
The US isn't where it is today wealth-wise JUST because of cold hard capitalism. It also helps that we have a large market with everyone speaking the same language, having similar laws, one currency, copyright and patent acknowledgement to protect inventors (back before corporations ballooned to their current size), a decent amount of civility, fair business law, a respect for the rule of law (something my home country of Bulgaria does not), strong property and land ownership, and a desire to innovate that have allowed people to build wealth.
A country isn't built on everyone doing whatever the hell they want. There's an actual formula for it.