"Capitalism saws off the tree branch upon which it sits."--EJ Hobsbawm

True.

Also true: "Capitalism is an awful way to run an economy--except for all the other ways that have been tried."

Capitalism pulled 800m Chinese out of poverty in a single generation.

Capitalism gave China Evergrande and a ghost city real estate bubble which = 29% of GDP.

Is the latter the capitalists' fault....or the government's? Businessmen respond to incentives designed by political leaders. Political leaders in authoritarian kleptocracies respond to career and status incentives that dictate creating a pyramid scheme economy.