I totally agree, which is why I wrote "even if you have some problems with particular implementations of some brands of capitalism" - and I certainly have some problems with the American brand of capitalism.
I just think it's silly to blame "profit-seeking capitalists", which is really just another word for "people who want to get the most value for the lowest cost", which is everybody.
> 5 families have more wealth than 50% of Americans combined.
Does that say more about the five families or the 120 million other families in America? Wealth is, after all, created out of thin air. Paint a painting that other people like and you've created wealth. Likewise, stop liking the metaphorical paintings those five families have and their wealth vanishes. How did most Americans become so boring that five families are responsible for 50% of all that is considered desirable?
5 families have more wealth than 50% of Americans combined. Stock buybacks incentivize short term beahavior - and they used to be illegal!
WE set the market parameters. We don’t have to just say “this is how it works”.