There are various forms of capitalism, and governments strongly impact the economic system. The US, UK, most of the EU, AUS, Canada, and too many countries to list, started shifting the economic model in the 70s, solidified the decision in the 80s, and started rolling it out in the 90s.
We used to implement Keynesian economics and switched to Monetarist economics in the mid-20th Century. After WWII, the US started the Cold War. US narrative claims the USSR provoked us because it wanted to spread socialism and dominate the world. There are various theories on why the US felt threatened, but I agree with the belief that the US projected what it wanted onto the USSR, but then, shit got wild (coups, wars, etc., in Asia, Africa, Eastern Europe, Middle East, Latin America).
Before the end of WWII, the US had a balanced economy, socialism-capitalism, but something super f*cked up happened. The US developed its version of the SS - the CIA after learning from the Germans. We even brought Nazis to the US to learn about war tactics and how the SS organized itself. Before Kennedy got assassinated, he became friendly with the dude leading the USSR (can't remember his name and too tired to look it up). FYI, the first dog in space had puppies, and USSR dude gave one to Kennedy (kinda cute). After Kennedy was murdered, the only politicians to get elected were Monetarists. Some consider Carter an exception, and I somewhat agree, but he was no match for the CIA and Monetarist agenda. The CIA controls the world, and I don't know who it works for, but I have a good guess.
Reagan dismantled the socialist side of our economy, Bush Senior got us into a war for oil/$$, Clinton deregulated everything, Bush (I don't think I need to say more), Obama empowered the banks, Trump did the same, and Biden will likely follow his predecessors. These presidents enabled private companies to become monopolies, suppressed labor rights and wages, supported the trickle to nowhere, and sold us. We don't have much left of the balanced economy anymore. Trying to make it out of poverty and the whole American Dream shit has become somewhat impossible because you need money to make money. Some university studied born intelligent and born rich to uncover if intelligence could achieve the same advantages as the rich. Welp, no. You're better off born dumb into a rich family than intelligent (to achieve financial success).
We have too much capitalism and not enough socialism. My grandpa was an immigrant, and he retired at 65, lived until 88, and still had money when he died. He didn't have a college education, but he had the benefits of the New Deal. I have two degrees and can't afford my rent on my own, and I'm not living lavishly. I rarely even buy shit because I hate shopping.
OMG. This is way too long. To sum it up, we need a balanced economy. We need social benefits, a healthy society and environment, and basic needs. I'm so effing tired if this is scattered. Sorry!
