Let us define capitalism. No matter how difficult this maybe but maybe a metaphor would help...the late stage of a capitalist system we are in is nothing like the real thing. It is like comparing a 105 year old man to a 23 year old. Now there is nothing to compare. A 105 year old is likely a senile, childish person. Both are "man" in name only. The 23-year old is a real man, vibrant full of energy and potential, the other is on its deathbed... So my definition of a TRUE capitalistic system would be; 1)Free market. 2)Opportunity to compete and start up new ventures and provide labor for a workforce. 3) sound monetary policy with a currency that is backed by some other assets other than a FIAT money. As things are in the US we have not one of these anymore. Yet people decry Obama and Socialism. The biggest single most obstacle and the cause of the current state of affairs in my opinion is the monopolistic multinational corporations. The USA industrial and military complex is close second. The reason they are the cause of these ills is because they have been in power for 40-50 years, so the true power begets the ills of the nation.