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?
There is no system without cracks and dark sides, socialism has its cracks and dark sides just like capitalism system has its dark sides and cracks.
Capitalism ought to give people healthy competition to create wealth but it is now unfair and favoring the already rich.
My country Nigeria is a mixed economy system but largely a capitalist country but you could own a property, a business but if you are in the bad side of the government you can easily lose it but if the government and politicians get on your good side they could make your competition fade out.
The government intervention is causing the biggest cracks in the capitalist system society, the unequal and unfair advantage the rich, friends with those in political post against other is making the system worse.