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In my high-school history books, the word capitalist never appeared to describe the fabulously wealthy and powerful 'captains of American industry', though the question, "Were they robber barons?" was put forward in college texts for discussion.
It was only when this kid became middle aged, that the term 'capitalism' began to be gingerly referred to by TV commentators and op-ed writers, sanitized, its murderous anti-union history forgiven in obvious propaganda that presumptuously credited most of modern human achievement and progress to 'the capitalism system'.
The wheel has come full circle. Capitalism recently beatified, today, by its own undoing stands before us defrocked, exposed and naked in shame and embarrassing confusion.
Capitalism, by definition marginalizing ethics and social well-being, presents itself as unreformable.
When asked, 'well, what could we replace capitalism with?' Answer, replace it with economics of fairness, honesty, ethical behavior and caring humanism!
