Capitalists responsibility is to create value which should they think will add to profit/wealth. They have to provide some value to a customer more than the competition. I dont know where and how capitalism is almost always railed against due to "shareholders or stockholders." The vast majority of businesses are partnerships and sole proprietorship. But, yes, innovation is the
only tool in true capitalism. When a new good solves a new problem or solves on old problem more efficiently (time and/or money), it wins. If a company/person fails to do that, then they cease doing business or just erode away.
And monopolies are typically created created with help of the government to begin with (US Postal Service, the Bells, etc), but note that even with those monopolies, the private sector always innovates around it at the end because monopolies tend to suffer due to lack of innovation and inefficiency.
I worked at FedEx right out of Business school, do you know USPS contracted FedEx to transport its mail because it was cheaper and more efficient? There are millions of examples like this.
Crony capitalism is is when laws or loopholes are set up to give certain firms an advantage over other firms or restrict competition (the original TV airwave licenses, subsidized farming, tax breaks for movie filming, state insurance regulations where companies cant cross state lines, industry tariffs, NFL stadiums). And yes solar subsidies are the definition of crony capitalism. The word subsidy is de facto a crony capitalistic tool.
And, generally the answer to reduce public corruption, is not to instill more public bureaucracy. And government unchecked is worse than any company can ever be because you can take your business elsewhere, you can't easily escape public corruption.
Another big government win for Cali
https://en.wikipedia.org/wiki/City_of_Bell_scandal
Do you shop on Amazon?, do you have no choice? Why are more people not flocking en masse to Sears or JCPennys - because of government force? And for choice, how many brands of cereal do you think there are? How about brands of cars? The US has the most choice of any good or service in the the history of mankind. Capitalism is only about choice, the fact few use it and defelct that blame to the "evil corporation" is just a cop out.
Easy. Cosmetic surgery. Breast implants and lasik are fractions of what they used to be. Aside from that, healthcare is another subsidized system - though due to the inelastic nature of core healthcare (emergencies, etc.) make customers make irrational decisions. And you cant compare the US with other systems until you take into account the holistic defensive medicine (unnecessary tests or overtesting) bring medical tourism into the discussion. Also, I worked in London for a couple of years and everyone in my office paid for supplemental private health insurance as to not have to wait in lines or be rationed if they needed advanced services.
LAUSD, the largest public school system in the country, says hi
http://laschoolreport.com/district-...eases-but-lausd-still-faces-financial-crisis/
and this also doesnt support your claim
http://californiapolicycenter.org/a...schools-and-la-alliance-charter-high-schools/
Norway is opening up its economy to more capitalism and competition as oil demand fades (
konkurranseutsettelse). It is a country of 5M people, smaller than Massachusetts.
Sweden has been moving more capitalistic since 1993 after moving from 4th richest country to 14th in 23 years as publis spending was 67% of GDP.
Now the Scando countries have maintained more welfare state than many other areas, but to be competitive, the answer wasn't less capitalism