People tend to blame bad business decisions on capitalism. For example, some business owners treat their employees poorly and would advance their own interests better by treating their employees well. Happy employees tend to lead to happy customers, which means more profit for all. People have a bad boss, and they blame the free market. “Government ought to step in where the free market fails,” they say.
This is like blaming oxygen for the actions of criminals. “If we didn’t have so much oxygen, criminals wouldn’t be able to breathe, and there would be less crime.”
It’s just as ridiculous to blame capitalism for the actions of business owners. The “oxygen” of business is unhampered, unrestricted capitalism.
Capitalism Magazine on capitalism today.