Capitalism certainly was an improvement over the previous system of feudalism; even socialists and communists acknowledge that. However, it's less clear that ou

Capitalism certainly was an improvement over the previous system of feudalism; even socialists and communists acknowledge that. However, it's less clear that our current system (what people often call "corporate capitalism" or "late stage capitalism") is superior to other systems such as the "welfare capitalism"/"social democracy" seen in many European countries or the highly unionized capitalism America had in previous decades.