Yes, capitalism as you believe it to be is dying. Socialism, however, is prospering where they know how to utilize both systems so that all can equally share in the profits. Even Adam Smith understood this: Try understanding the true ideology of capitalism. Should I highlight the more relevant parts for you? Like those dealing with morality, and principles?
http://www.huffingtonpost.com/fixcapitalism/adam-smith-a-theory-of-mo_b_9603224.html
"Indeed, comparing
Theory of Moral Sentiments with
Wealth of Nations tends to demonstrate how, throughout his life, Smith, like his friend and fellow philosopher David Hume and other thinkers of those times, was concerned with trying to discover the best way to balance the observed and undeniable reality of the principle of self-interest with other, higher, restraining moral factors. He was NOT proposing that self-interest is all that matters and all that is necessary to form and regulate human individuals and societies.
Unlike the “invisible hand,” buried in its marginal place in the later book, Smith placed principles other than self-interest front and center in his earlier book:
“How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortunes of others, and render their happiness necessary to him, though he derives nothing from it, except the pleasure of seeing it. Of this kind is pity or compassion, the emotion we feel for the misery of others, when we either see it, or are made to conceive it in a very lively manner. That we often derive sorrow from the sorrows of others, is a matter of fact too obvious to require any instances to prove it; for this sentiment, like all the other original passions of human nature, is by no means confined to the virtuous or the humane, though they perhaps may feel it with the most exquisite sensibility. The greatest ruffian, the most hardened violator of the laws of society, is not altogether without it.”
[Smith, notably, was writing before the first early diagnoses, in the early nineteenth century, of the condition we now call psychopathy, which was called “moral insanity,” and refers to people who generally lack any vestige of the moral sentiments Smith described and assumed. Psychopaths may be the only people who truly exist in a mental world of pure, unadultered self-interest (and vice versa?).]
In
The Theory of Moral Sentiments, Smith acknowledged that the moral capacity of individual humans is, however, limited by the “weakness of [their] powers” and the “narrowness of [their] comprehension,” such that “The administration of the great system of the universe . . . the care of the universal happiness of all rational and sensible beings, is the business of God and not of man.” Nor did Smith offer any simple, pat, “feel-good” conventional answers about the fundamental nature of morality; he was well aware of many of the problematic aspects that plague any theory of morality, including its relationship with self-interest and the difficulty of finding a truly objective grounding for morality—the problem famously explored by Smith’s friend Hume and referred to by philosophers as “Hume’s Guillotine.” The “invisible hand” also made a brief earlier appearance in the earlier book in a passage reflecting Smith’s characteristically Enlightenment-era faith in social systems such as societies and economies ultimately acting in a self-balancing, self-correcting fashion."
