The governments of Canada and the U.S. need to address the plight of low-income single parents, the mentally ill, the disabled, people with serious health problems and the homeless. There is no need to guarantee economic equality. There is a need to deal with drug addiction, illiteracy, teenage pregnancy, underfunding of welfare and lack of job opportunity.
To argue that these problems are created by capitalism is erroneous. Marx wasn't interested in what caused poverty, only in the pursuit of absolute economic equality. Apparently, success equals exploitation. Marxism is an artificially-created economic theory that has no basis in a functional reality. It imposes structures that do not exist in natural society. Look at Africans. They are by nature market runners, traders, bargainers, salespeople and negotiaters. It is a primal form of capitalism without large markets and corporations. Bill Clinton was a great President who was also very capitalist. Bush is a lousy President who is also very capitalist and very poor at running the economy. Clinton respected the New Deal and capitalism as well. Bush respects intimacy in bed with oil companies and the military-industrial complex. When he's done, the religious right sends him a check to cover the cost of his hotel room.
It is in the blood of Asians and Jews to be successful and smart at business. Granted, it will piss someone off that I said Jews were really successful, well-educated and smart at business, but they worked for it. It's quite obvious in this neighborhood with the nice houses, swimming pools, extensive landscaped gardens, BMW minivans, SUVs, nice brand-new jeeps, four cars parked outside a three-car garage up a private driveway on a hill. And they like houses up on hills with walls which I will also get in trouble for mentioning...
The notion that because some people are well-off and successful they must make it off the backs of others is erroneous. I don't make a lot of money for a number of reasons--lack of good references, a different personality unsuitable for hospitality, too many years in hospitality, quitting jobs, bad bosses, not saving money, not enough education, no investment strategy, recessions, bad government policy, personal issues, etc.
Probably the most egregious crime in corporate America was the retirement pay of former CEO, William Mc Intyre, drawing 1.6 trillion from United Health Care. When company excutives can openly steal from a broken system, there's something definitly wrong in the way corporate managers are allowed to do business. The equity market is unraveling, as we speak, from the abuses made in the credit markets.
Capitalism is gives credability to one's ability to beg, borrow, and steal in life. The game of mergers and acquisitions is simply a way of cannibalizing a company's assests to the benefit of managers and corporate attorneys and realign the so-called market forces (competition) to raise prices to consumers. Modern day capitalism is not what Adam Smith envisioned in his "Wealth of Nations."