Capitalism is itself a series of different varied forms of economic definitions, associated by a shared theme, profitability. The UK, France, Sweeden for example all have different economic models, that are capitalist (notably Sweeden incorporates a number of socialist influences).

Its not an economic theory in its own right. For example, the Laner-Lerner model, is a socialist theory for balancing economic markets.

As for Capitalism ruling the world, it really only begins with the Industrial revolution and Adam Smith, and is probably dominant for around 250 years old.

"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
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There's a very good debate conducted by Oxford Union on whether socialism is a viable system. I thought Daniel Hannan nailed it, watch all the way through:

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The problem with socialism is that you eventually run out of other people's money.

At least with people like him, and even Farage, in politics at least we've actually got people sticking to their beliefs rather than offering up populist bullsh*t.

Granted Danh the comedic value of him and Farage in politics is not to be under estimated, but I look at them both like I did Hollaway and Warnock Ok (ish) in a small pond without much responsibility. But given a seat at the top table, fall woefully short of the mark and out of their depth.

Extremist politics don't work, whether they are Left Or Right, the fall of communism, the failure of the 3rd Reich etc etc.

Corbyn is effectively the polar opposite of farage, in fact I would go one further, he is actually the lefts Nick Griffin, and the socialist utopian bollicks he spouts should be given the same credence of anything that drivels out of that cease pool Griffin calls a mouth.

"It's not the bullet that's got my name on it that concerns me; it's all them other ones flyin' around marked 'To Whom It May Concern.'"

Yes, but that's just commerce for survival and existance, capitalism promotes the accumulation of wealth as the primary justification of action. There is nothing wrong with having a bit of wealth, the problem comes from the accumulation of wealth for its own end (how much do you actually need).

Well we do generally have a UK government for five years, and about 1/3rd of the UK working population is employed by the state....

Capitalism is really about the production of surplus for profit, and is not in and of itself a bad idea. I'd generally agree that in terms of establishing a 'value' on something, Capitalism is a good means of resource management.

Things like Globalisation and Free Market economics present a situation in which massive exploitation, the kind seen in early Industrial England (that ultimately inspired Marx and Engles) on a world wide basis, where morality and ethics are secondary to the production of shareholder profitability.

I think capitalism isn't necessarily bad, but like any system, it requires regulation and controls to prevent it becoming a system where by power imbalance results in the production of disproportionately unfair and inequality for people in society.

"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]

Much better.

Optimistic as ever