How? The worst countries in this world are basicly purely capitalist (perhapse with a little monarchy thrown in for good measure). Look at England in the industrial revolution. Those who had really had, while those who didn't lived in sqular. That's capitalism at its finest. See why it needs rgulation?
Would the corn be there at all if not for govenment subsidies? How many people have been saved a life of poverty because welfare kept them from slipping away completely. How many people have made themselves because of this? Some people do abuse the system but most are truely stuck. Most truely try to escape from the pointless life of the welfare check so pittifully small that it has to be streached just for food and housing. If you ask me the governmnet should pay more not less (perapse for all of your education).
Compare to who's? France? England? Finland? Denmark? Sweeden? Iceland? All of which provide far more for their citizens and have an arguably higher standards of living.
Capitalism would work far better in a world without globalization. With it, governments must protect industries that would not be viable on the world's stage. Needless to say, this is regulation.
I would guess a great deal farther than we are now

The problem with compairing now and then is that back then if you worked hard enough, you could make ends meet. Today one can work twelve hour days and still struggle to provide for oneself nevermind a family. In addition it would have been very difficult to provide for citizens when it took days or a message to cross the country and may have easily been robbed, waylaid, or embezled. We don't have to stop rewarding creativity inorder to help the bottom rugs of society. We mignt have even had more great inventions if the would be inventors had had the time instead of being forced to work all day for food.
The genius of this government is not the system of economics, but the innovation of democracy, the checks and balances, and the astonising freedom's afforded to the people. Of course, it's hard not to provide freedom in the wild west. We are a fronteer culture that has run out of fronteer.
Don't be a fool and die for your country, let the other sonofabitch die for his.
--- Patton