It probably isn't. The problem with it is that it will, by its nature, ultimately collapse. But so do states that use other systems seemingly.
In capitalism profits must always improve. You always need to produce more, leading to exploitation of resources or do the same with less resource, meaning you lay off employees.
Ultimately resources run out, you can't lay off any more people or the economy becomes so awful nobody has the money to pay for your services.
It probably isn't. The problem with it is that it will, by its nature, ultimately collapse. But so do states that use other systems seemingly.
In capitalism profits must always improve. You always need to produce more, leading to exploitation of resources or do the same with less resource, meaning you lay off employees.
Ultimately resources run out, you can't lay off any more people or the economy becomes so awful nobody has the money to pay for your services.