Unfettered capitalism created the fiscal disaster that is today's South America. Milton Friedman has been utterly discredited. "Free market capitalism" creates great wealth for a few, and great poverty for many.
Your "free market capitalism" has destroyed the US economy - 3 times in the past 40 years. Yes it builds great wealth - by impoverishing working people and keeping them dependent. It leads to violence and overthrow when people get tired of privation.
Well regulated capitalism - what you call "socialism", has created all of the "best countries in the world to live in". Wealth is of no use if the people whose labor created that wealth are not well compensated. See Russia in 1918.
The USA has been a "socialist democracy" since its founding. Publicly owned schools, libraries, fire departments, and other infrastructure are all "socialist" ideas which were wildly radical in 1776. Add in Social Security, welfare and Medicaid, and you're fully into "socialism".
40 years of Republican employment and tax policies have set the USA on the same path as Chile and and Brazil - great wealth, deep poverty, and not much in between.
1. No one is pushing for "unfettered capitalism" so that portion of your post is off topic.
2. We do not have "free market capitalism". THe Great Recession was the result of the type of government led market intervention you people love, so, that portion of your post, is a lie.
3. Publicly owned schools and libraries, do not make a "socialistic democracy". So, that part of your post is a lie.
4. If you want to address the issues of the widening "inequality" in our society, seriously, or God Forbid, productively, I suggest you drop the partisan and/or anti-American shit and address the various issues, honestly.