What are some good and bad things about the economy of Capitalism?

[Bluegirl180]

I am writing a essay and need of some help.
If you know of any good websites for Capitalism that would help me also.
Thanks.

[simplicitus]

Pure capitalism just doesn't work. It doesn't provide the public goods and the goods with high positive externality that an economy needs.
http://rodrik.typepad.com/dani_rodriks_w...ick-3.html

Even advocates of the free market such as Adam Smith and Milton Friedman believed the government had to get involved in infrastructure (roads, canals, etc.), universal education, regulation of banking, etc.
https://webspace.utexas.edu/hcleaver/www...on1955.htm
All these are intrusions into the market.

On the other hand, when properly regulated,
http://www.lrb.co.uk/v32/n08/joseph-stig...stent-hand
free markets do produce more of the private goods and services people want:
http://delong.typepad.com/sdj/2010/10/ho...atter.html

That is why every developed country, including the U.S. from its founding, is a mixed economy:


Some people advocate capitalism not because they think it works, but because it is "morally right"
http://www.bostonreview.net/BR36.5/ndf_j...iberty.php
http://cscs.umich.edu/~crshalizi/weblog/253.html

Most who take this postion don't really believe it, We know because they don't act as if they do
http://delong.typepad.com/sdj/2011/01/li...iples.html
http://www.thenation.com/article/163672/...l-security

and economists believe in "revealed preferences"
http://en.wikipedia.org/wiki/Revealed_preference

For a more extreme but very well thought out critique:
http://crookedtimber.org/2011/02/02/g-a-...capitalism