What part my post needs to be explained?
“Absent that, however, it is simply to general a claim to be valid; and is invalidated by too much recent history. “
What recent history are you referring to? I imagine you mean the crash, and Wall Street’s money grab. Or perhaps you mean GE and the new generation of crony capitalists.
I assume that those are aberrations, exceptions that prove the rule. If I build a factory, to use Professor Warren’s example, I do not get rich by making others poor. I get rich by giving others something of value.
If I run to DC, or my state capitol (Lansing) in order to get rich, or stay rich in the face of better competition, then I am making others poor. But, that’s not capitalism. That’s Statism. It’s also sin.