Wrong. Unchecked capitalism produced the greatest increase in the standard of living for the common man ever seen.
The industrial revolution didn't hurt.
Right, which was caused by "unchecked capitalism," not government
Which led to the Gilded Age: Poverty, unsafe working conditions, child labor and labor unions
The golden age was a lot better than the previous age that idiots like you admire. The rate of child mortality was far higher before capitalism than after. The English population boomed under capitalism. That's a fact that socialist morons can't get around. All your criticisms of capitalism existed before capitalism.
The progression of the social modernization of the world had little to do with capitalism and a lot more to do with modern plumbing and sanitation.
Child mortality rates in particular dropped because of safe drinking water and modern sewage systems. Capitalism wasn’t the driving force. Throughout the world, the forces that built infrastructure for the cities were governments.
The Gilded Age lead to monopolies, price fixing, unsafe working conditions and unnecessary and preventable worker deaths.
Your forefathers restrained and regulated capitalism and passed anti-trust laws. Unions came about to protect workers rights and safety because capitalists refused to provide decent wages or safe working conditions. And because just like today, workers weren’t being paid their fair share for the work done.
Today, labour costs, as a percentage of business expenses, are at the same level as the Gilded Age. Republicans have undone all of the gains by workers in income and profit sharing over the past 140 years, and today’s monopolies and price fixing are the just making things worse.
Because of periods of growth and contraction, a healthy capitalist society requires a strong social safety net to protect the most economically vulnerable during the recessions. The US has the most expensive, unwieldy, and complicated social safety net of any first world country.
There seems to be a strong correlation between corporate size and income inequity, which we’ve seen rising since conservatives took office in the 1980’s. The larger the corporation, the less the workers make and the more management makes. Mega corporations tilt their income to management and shareholders. The employees get a smaller and smaller piece of the pie.
In the 1960’s when anti-trust laws were still being enforced, top management made, on average, 10 times the salary of their lowest paid workers. Today, they make 200 times more. And there are many more layers of management. Front line workers, the people who actually do the work of the corporations and service their customers, have to rely on social assistance for food in far too many large corporations.
Welcome to the new Gilded Age.