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America is where it is because of many reasons:
1. Protestant work ethic
2. American WASP ingenuity and innovation
3. FDR Socialism
4. Immigrant bringing in New power and energy
5. Isolation by geography--weak neighbors (Mexico and Canada)
6. Stable Democracy--peaceful transfer of the executive
7. Complex stable rule of law
8. Low levels of corruption
9. Abundant resources
10. Business friendly small banks
It given the above, probably more factors I have missed....is the reason why the USA is a success, and NOT only because of Capitalism.
Obviously those that have become rich billionaires will say that it is ONLY through capitalism.
Betty Devos is good for Betty Devos, but never for education.
But how is Capitalism working for the health care Industry? (a public good that should be free in any civilized society)...Oh 20% of the GDP and increasing with prices spiralling up with Oligarchical malfeasance.
