I read a lot of pretty hardcore left leaning blogs and articles online. While I generally believe very much in the sorts of things lefties believe in I have some real issues with some of the things they say with regards to capitalism. Never will I deny that our current global monetary situation has big problems; it does. That said, there simply isn't any use in ranting about capitalism being evil as a whole. For one, it isn't going anywhere. For two, if it did go somewhere, what next? I was talking with Rat Lady about this and her comment summed it up for me quite nicely. "Sure, capitalism has all kinds of problems... but what exactly are you proposing to replace it with?"
It is fun and all to rant and shout about the whole system being corrupt. That is easy and simple because you can bring up any injustice or problem at all and claim everything is hopeless and ruined on that basis. It is fun, but it isn't *useful*. Our society would undoubtedly be better if we did things differently like getting the money out of politics, taxing capital gains like normal income, introducing punitive estate taxes, and increasing government controls on corporate power and excess. These would all help reduce inequality and improve things for the majority though clearly it isn't a comprehensive list. The thing we aren't going to do and shouldn't do is completely tear down the very system of exchanging goods and services using currency.
Occasionally people talk about what we could do instead of capitalism but they inevitably end up with either pie in the sky dreams that crumble instantly on contact with actual people or systems that work for a village of one hundred inhabitants and no more. We have a big world and the people in it want all kinds of incredibly complex things that require enormous systems to deliver. Your cell phone does not appear out of thin air and neither the physical object, the software that runs on it, nor the phone and satellite system that makes it all work can be created on a small scale. To have the things we have we need a global system of exchange and such a system is only sustainable under capitalism.
So by all means let us talk about how we can make the world a better place by curbing the exploits of some particular actors in the world economy. Let us make major efforts to fix the issues we have including but not limited to inequality, abuse of the environment, and warping of politics. However, while we do that we should not waste our time in pointless hyperbole or uninformed ranting; there are problems and there are solutions but they are complex and do not involve flipping the table and storming off. They involve learning, work, and grinding out small changes one at a time.