Capitalism used to reward ambition. But these days it's almost impossible to get rich by hard work and ambition alone. It's an ossified system that rewards heritage, caution, and simple waiting. While innovation can lead to riches, it's increasingly rare.
An alternative is hard to find, though. The system as it is now has had a long time to establish itself without major interruptions like wars and destruction. And people are too complacent to change it.
Not to mention that capitalism, if implemented correctly, is probably the most fair and efficient system. But I fear that the establishment of a true meritocracy is not possible with the current generation of academics anymore.
Graves without offense, but you're a bit obtuse. Criticism is the first step to improvement. I don't 'hate' the rich, I merely point it out. Which is already seen as issue for some? Why? There are currently a lot of studies on the subject of inequality and wealth, and they do not look good. You can look at socieites, and we realize that growing inequality most probably played a part in collapses and destabilisations.
The problem I have is more or less the view on what 'wealth' is, how it is obtained and that it is seen as the 'status quo'.
A handfull of people own as much like half of the world.
"That's simply how it is I guess"
A poor person/homeless/refugee/you-name-it with a smartphone in his hands?
"DAMN FUCKS NEED NOTHING, THEY OWN SMARTPHONES!"
I am pretty sure people had similar conversations in the middle ages, about kings, nobelty and the feudal system or about workers in 18th century Britain where they had literaly no rights at all. And how all of it benefits a handfull of people. And I am sure someone said as well:
"I ask again, what's the alternative?"
And here we are now. The first step to any solution is to recognize the problem.
A Hybrid of Socialized Democracy and Capitalism would be good, maybe not perfect but elevating people's opportunities and quality of life would do wonders for economic development.
Modern capitalism, and the idiots who think it's the best and can't be questioned, puts more emphasis on the idea of WEALTH and the right for an elite minority to amass it over the well being of people living under it.
Capitalist super powers have also worked pretty hard to demonize every and all alternatives to their own system to their own people too and crushed countries that tried to implement them.
I think we were on a good track for that in Germany with Social Democracy and whatnot. But the Social Democratic Party of all people laid ground for a massive increase in neoliberal politics, and now basically all parties are just neoliberal fronts with a bit of red paint on them. This is what really fuels the divide in Germany.
Fiscal and economic policies are very much neoliberal in almost all parties, and at the same time almost all parties adopted a very progressive stance on social issues. That leads one half of the people to believe that our parties and society took a leap to the Left, while the other thinks the opposite.
And they're both right, and this leads to an increase in social tensions. The neoliberal economic conditions put a lot of pressure on the lower social strata, while the progressive social policies make that pressure (seemingly) worse. This could end badly.
@R.Graves If you like capitalism because it rewards ambition, why are you also in favour of inheritance? Surely inheritance discourages ambition by making people feel entitled to privilege because of the family they were born in to rather than rewarding them privilege for ambition.