Why has Capitalism failed to solve the world's problems and create equitable societies?

First, it was never meant to solve the world's problems, but it has worked out better than its competitors like Communism and Feudalism. When you're dealing with human beings we've got a long way to go for the creation of equitable societies under any economic or political system, just because human beings are flawed.

There is not now, never has been, and never will be a financial system that solves the world's problems or creates equitable societies. There is not now and never will be a political system that solves the world's problems or creates equitable societies.

The problem is not in the systems within which we live. The problem is within ourselves. Not all humans are moral, ethical beings. The truth is that in an ideal world, with ideal human beings, any financial system or any political system is capable of resulting in an equitable society. But people have always manipulated these systems for the advantage of themselves, their families, tribe, state, nation, or social group. The problem is in ourselves!

The reason that I support capitalism over other financial systems is that it tends to result in the greatest equality of opportunity because if allowed to run true to its course without intervention, every person will do what is in their best interest and market forces will provide equalizing to the extent that those willing to work hard can succeed. Unfortunately political systems interfere and create laws and regulations that manipulate the markets to achieve specific end results.

In small tribes and societies, pure democracy combined with capitalism seems to work well, and by nature and evolution, the society takes on certain communal aspects where the community takes care of its own. But as societies grow too large, this combination no longer works because each small tribe making up the larger works to maximize its own advantage over the others. Then Democratic Republics seem to work best, but never perfectly. Some would say that the best form of government is a benign monarchy led by a wise and fair leader. But this cannot work in a large technological society.

Until humankind can overcome our evolutionary roots, no form of financial or political system ever will result in an equitable society. Until every human is born with the same level of intelligence, skill, and drive to succeed, there will be those who will not work, those who steal, those who commit violence, and those who seek dominion over others. The problem is in ourselves.

Capitalism is designed to create inequities in society.

Because they solved their own bank account problems and could care less about us common folk.

because it was never intended to solve the world's problems and create equitable societies. quite the opposite.

Greed

Because it was set up by the rich, for the rich.

Crooked politicians, bribes, kickbacks, tax loopholes for the rich, money hidden in other countries. The politicians have screwed the American people.

GREED

It's a huge question. The dominant form of capitalism in the west of 2011 is about consolidating the possessions of the wealthy and, if possibly, moving more resources up to them. The same system enables the middle and working classes to become drunk with consumerism, but doesn't provide and means for them to reduce their debt. Unless the thing changes, more and more workers and poor people will have to surrender their limited resources to reduce everyone's debt. I don't think equity is a priority of the system.