I propose a toast to our beautiful, if imperfect world!
This is precisely why Communism is always doomed to failure. Communism can only succeed in a society populated solely by saints.
In reality, Communism attracts just as many crooks as capitalism but with one difference. Under Communism, the crooks are the only ones with the guns.
Any other system is, by definition, inimacal to that spirit.
Yes, I know he actually said that about democracy, but capitalism fits, also.
An interesting choice of words ... There's a Nobel prize winning author -- Fredrich Hayek -- that won the Nobel prize in Economics after writing "The Road to Serfdom," which carries the same theme I see in this piece.
Hint: it's the one that most effectively decentralizes and distributes power, and most effectively allocates resources, rewards constructive action, and discourages destructive or useless action.
This guy is within a hair of the truth, but he's not quite there. Capitalism does NOT lead to corruption. It is big government that leads to corrpution. When an overregulating, oppressive government wields too much power over a free market, the market responds as always by allocating its resources in a rational fashion. I.e., when bribing a government official, whether it be overt or covert (e.g., campaign donations), is more profitable than reinvesting in infrastructure or lowering prices to increase demand, then that is what will happen. The market always makes rational choices. It is the citizens through their choice of government that to various degrees fail capitalism.
This is why we must decrease the size of government, despite what the bleeding-heart types say. The ONLY type of campaign-finance reform that will work is reducing the amount of influence that the bureaucrats have to peddle. Supply-side campaign-finance reform, if you will. But no, we keep increasing the government in a self-defeating effort to address the 'evils' of capitalism. Sigh.