We seem to be more of a kleptocracy than a capitalistic democracy.
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(from Wikipedia) A kleptocracy (sometimes cleptocracy, occasionally kleptarchy) (root: klepto+kratein = rule by thieves) is a term applied to a government that extends the personal wealth and political power of government officials and the ruling class (collectively, kleptocrats) at the expense of the population.
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No matter which economic system we wish to embrace, we will have major problems until voters insist on accountability from our elected officials and their connections in the so called private sector. It seems that large politically connected companies are bailed out with taxpayer money when their bad decisions cause failure while small companies and individuals are mostly left to fend for themselves.