Excellent post !

The problem with "capitalism" is that we conflate it with politics - thereby giving it an undeserved negative aura so beloved by the left, the Marxists of this world. Our thinking would be greatly clarified if we designate capitalism as merely an economic and financial mechanism to achieve certain material and social service infrastructure goals, a consolidation and focussing of resources. The larger issue of distributing the output or profit of capitalism is in fact a political issue, the laws and governance of society. It is this latter domain, it is in fact politics thast has failed, not capitalism. It is the responsibility and mandate of politics to construct the legal infrastructure that allocates the wealth produced by capitalism.