OverratedOpinion
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- Sep 4, 2017
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It is the best system so far in that regard, but when looking at the historical competition, this doesn't mean much. The last ~150 years of capitalism tell a vastly different story about opportunities for the poor in general. It only looks so from the perspective of the global minority that's equipped with at least modest chances for upward mobility, i.e. a privileged group.
Capitalism in its core means that if I want your money I have to provide you with a service and I can choose which service I specialise in. That choice makes it the most free, the more freedom, the more possibility for advancement or change of any kind.
A great deal of the issues you are referencing come from people in positions of power not giving minorities equal standing as a participant in capitalism.
A perversion in the system meaning that it wasn't truly applied to the entire population. A fault of people, not system. It is possible to argue that capitalism is more easily corrupted than other ideologies but as far as ones which are compatible with our culture I disagree.