Well, given what’s happened in Argentina recently and today, it is completely clear that capitalism has failed and is discredited. Yet another capitalist country falls into spiraling poverty and rioting. Oh, what’s that you say? “Argentina didn’t do American capitalism right?”
Don’t even bother. Argentina (and the other failures of capitalism) have been exactly as the western powers demanded — pure capitalism — yet we continue to hear this rationalization while at the same time western capitalists refuse to listen to socialists around the world (much more justifiably) argue that the USSR didn’t correctly impelement socialism either. You can’t have your cake and eat it too.
The total failures of capitalism, in dollar amounts (Which is all that matters to you capitalists, yes?) are today greater than those of socialism, thanks to the incredible exploitative power of the western capital giants in these collective failed markets.