My belief is -- and always has been -- that capitalism is a pure expression of human nature. At its best, it spurs innovation and allows people to really better their lives.
The world seems to be in a real odd place at the moment. It no longer matters where a thing is made. Manufacturing chases cheap labor to the other side of the planet. It no longer matters where you were born -- labor chases jobs across borders (both low end and high end).
The bottomline is that if a significant portion of what's left of the American blue collar workforce gets to a place where they lose hope, then we've got some real serious problems. Political, social and economic problems that'll take decades to repair.