Personally I think a stronger argument for capitalism is the very large middle class it created.
I don't subscribe to the Socialist's "class" language. We often say "
the middle class" and think nothing of it, I am guilty of using the term myself, but there is really NOT a "middle class" because no one is confined to their class. In our system, people are free to leave the class they are in and be part of another class, and this happens constantly. Few people in our system remain the same class their entire life. Yet all the Socialist's arguments are couched in "class perspective" where we assume people can't ever escape their class... this is how it was across Asia and Europe where Socialism cut it's teeth.
When we become intellectually trapped in this way of thinking by the Socialists, they will appeal with statistics to show you how "
the middle class" has
declined since 1967. ...
Oh no... fewer and fewer in the middle class? This is a serious and alarming "problem" we need to address! But what they fail to tell you is where they are going. The people who were in their "middle class" group have moved up! They've used the free market capitalist system and free enterprise to improve their lot in life... (unlike what you can do in a socialist system or a caste [class] system.) Also, there are new people constantly coming in to "
the middle class" from poverty... they've become motivated to improve their lot in life. So these fictitious "groups" the Socialists like to pretend we have, are not real groups at all. The members of the group are constantly and ever-changing.
When I am confronted with the Socialist's
"but statistics show middle class wages are stagnant!" My response is,
"Great! It needs to be that way!" This is how "motivation" works... people are not satisfied with what they make so they aspire for more. Our free market, free enterprise, capitalist system allows you, the individual, to attain as much wealth as you please. But... Nothing is ever accomplished without motivation.... quite literally. Nothing.