Same. This whole discussion killed most of my reading time. It was worth it though.
Bah! I was doing research while this was going. Anyway I'd like to respond to Einherjar86 if I may.
First of all, if we are going to have an argument, lets have it be about reality and what I initially said. What you did was pit Soviet style communism against your idealized form of Capitalism and it is clear there which is better. If you read what I said, I said that there are many good aspects of socialism, such as social welfare.
This brings me to my next point. You said that the US does not have the suffering majority nowadays and I mostly agree. This however is not due to Capitalism improving everyones lives. On the contrary, it is the move away from laissez-faire policies that dominated pre-Great Depression America and towards a mixed economy. I personally would like to the US economy add a little more socialism into the mix a la Europe.
Clearly I do not advocate for the elimination of competition as you routinely implied. I just think that having an active Government that provides insurance and aid to those who need it is beneficial to both society and economy.
I would like to add a disclaimer that, although I find this an interesting topic and have devoted a lot of thought research into it, I am not an economist and most of my ideas come from knowledge of history and of current events. I don't want to make it seem like I think I am a know-it-all here, but I do think my position is reasonable and correct.