If you've been a victim of episodic economic collapse since Reagan started deregulation, you think its collapsing (well, dysfunctional anyway). If you've saved money and kept your job, then everything is hunky-dory I guess.
A system that serves a fraction of the population is broken from some points of view. Its indeed 'collapsed' when it stops serving millions of people.
> episodic economic collapse since Reagan started deregulation
The Great Depression was before Reagan and there have been many recessions before Reagan. Why do you think it is due to deregulation?
Capitalism has done much better than socialism, empirically.
How does capitalism only serve a fraction of the population? It has served all of us; and it's done a pretty good job.
Socialism and communism only serve a fraction--lobbyist groups who can make the government do what they what. Indeed, that's what we're seeing with industrial protectionism and farmer subsidies.
That's because socialism is based on centralized control and force, while capitalism is based on individual freedom and mutual cooperation.
A system that serves a fraction of the population is broken from some points of view. Its indeed 'collapsed' when it stops serving millions of people.