Hmm…In theory, yes. In practice, no. Unethical business practices occur every single day. The Stock Market, Enron, the 2008 financial sector, and pretty much every natural resource extracting corporation are unethical.

Quality of life has deteriorated in the US, UK, Australia, and Canada over the last forty years because capitalism needs regulation. Our current model of capitalism has failed multiple times, yet governments continue to provide bailouts to failed businesses and promote deregulation. Wages have been stagnant for decades while monopolies kill competition and inflate prices.

Consumers don’t have the buying power to control the markets. Markets are controlled by businesses, and many people can’t afford basic, essential goods like energy, healthcare, and food because making a profit is more valuable than life.

Capitalism exploits people because governments let it, and its objective is to make profits —not provide for society. Cheap products aren’t making our lives better, but the pure capitalists’ marketing campaigns do a great job at making us believe consumerism is the key to life.