As opposed to urban America, which struggles with endemic crime levels, useless educational structures, and is barely capable of providing clean water. But hey,

As opposed to urban America, which struggles with endemic crime levels, useless educational structures, and is barely capable of providing clean water. But hey, at least we’re making money for shareholders. We must understand that the economic model does not matter as much as the regulations that govern it. If socialism is implemented in a way that can be overthrown by government officials and their cronies, then it is bound to fail. Similarly, antitrust and consumer protection laws were built to stop juggernaut monopolies from ruining the market. You may have notice those laws haven’t been enforced in the last few decades - there might be a causation between that and our runaway levels of income inequality. Nordic countries seem to have a good balance between capitalism and socialistic policies. It allows them to provide care for their populace while also participating in the global economy. There are no absolutes when talking about systems involving humans.