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 that it will be the best system for economies, actually there are no perfect system to be honest. In Capitalism, only the rich are going to be wealthy and the rest of the working population are just there, to work for them. And as we all know that some authoritative government are implementing this and we see that they are the only one really benefiting from the setup. And worst their country is falling rapidly, inflation and maybe jobless are prevalent. Not sure what the cons of it, but it's pretty obvious that the power is only left on the few personalities controlling the country with their wealth.