Over the years, Capitalism has been a popular economic system, where the resources and key decisions of an economy lies in the hands of private individuals.
It has a lot of merits though; it brings about innovation, wealth creation, profit motivated etc.
When we closely look at a Capitalist state, we start to see a lot of exploitation, instability, and the unfair prospect of being automatically wealthy if you're born into wealth.
A good reason why developing countries' individuals and those in authority tilt towards corrupt practices.
A true Capitalist system has started to experience its cracks.
The question is then posed, is it the best system for economies of the world?
I don't think it's the best system for the current global economy because this system is being handled by few while leaving many behind. But if you check on the brighter side, it has improved the economy because the mobile phones and even fast cars we use today are all as a result of this system.