Yep and mention the word socialism and everybody freaks out. Businesses should be regulated, not people. But with capitalism, companies can basically just ask the government to make whatever regulations fit their needs so they can continue to maximize their profits. The main goal is typically to avoid any kind of competition as that makes everything else easier.
To be fair, Socialism isn't the answer. Socialistic policies, on the other hand, are definitely needed to varying degrees. I've grown sick of the number of "oh hell no" complaints when discussing the idea of a Democratic Socialist as President. I've got to imagine that 9/10 of those simply hear the word Socialist and immediately assume links to our ever-present evil enemies of the Communist world. And they say Socialism is a hop skip and jump away from Communism. It may be closer but it's no closer to Communism than it is further away from Capitalism.
What these people also love to forget, ignore, or cry "It can't happen here!", our current government is only a hop, skip, and jump away from becoming a Fascist state. The U.S. is slowly progressing ever more "Right" in the political spectrum, where even our "Liberals" are more often Moderate or Right on the global scale. So when we get true Liberals who are mostly Left, all those who would prefer the slide toward Fascism become agitated and vehemently against what they don't know.
And Capitalism isn't inherently evil or beneficial, it's a mixed bag depending on how the government regulates it. You can regulate Capitalism and remain a capitalistic society.
What one has to understand is Capitalism is like a Rectangle, whereas Laissez-Faire Capitalism is a Square. While the latter is also a Rectangle, the former is not a Square.
Many wrongly equate Capitalism with the old beliefs of Laissez-Faire Capitalism, which equates to zero regulation, letting the market and consumers figure things out. We quickly came to realize that would not work so perfectly, so we, as a society, have slowly increased the amount of regulation over the centuries to protect and benefit the consumers.
However, what gets in the way is cronyism, Corporatocracy, and in some ways, an Oligarchical power structure.
So, no, Socialism is not the answer at this point in time (when the robots are doing all of our jobs, we'll revisit that discussion
😉), but adopting some Socialist concepts can do us a world of good. And it should be pointed out that the U.S. has had "Socialist" tendencies for a long while, and we've enjoyed numerous Socialist programs and policies. Social Security, Postal Service, National Park services, a permanent standing Military, national infrastructure like the Interstate highway system, Police & Fire, Public Schools, etc etc etc... oh, and let's not forget the Auto industry bailouts, and bailing out the Banks.
And, get this, that evil Democratic Socialist is thoroughly AGAINST bailouts. Imagine that. It doesn't have to be all in.
Sorry, I got off on a rant. My bad!
I just really really want a superior media/broadband infrastructure, among many things.