By providing goods and services and enriching everyone under the system and giving people reason to innovate, invent and dedicate their lives to progressing science and the human limits. But here is the catch... For a profit. Oh God bless us. People helping each other... For a profit. You're right. We should implement a system that doesn't come with innovation, incentives, efficiencies (which is very important if you working with scarce goods such as human labor, wood, water, milk etc). If this is what capitalism does to make me think i love it then where do I sign up?
How about socialism? Where people stand in line, starving, have no work. But at least you have equality. Everyone is equally poor besides the government. And people aren't starving for a profit
I love capitalism and all it's attributes such as price gouging, sweat shops and trying to pay as little as possible (if it's someone hiring employees, you shopping for goods and services, your neighbor selected who he's going to hire to paint his house)
But i have listened to economics for the last 4 years everyday for at least a day at the gym and at work. I understand basic economic. I use to live in Germany and grew up very very left leaning and of course had the opinion that price gouging is evil until I started reading into it. It's incredible what an amazing practice it is. It help society so so much. Now do the price gougers do it because they have a big heart and want to help society? No they do it because they're greedy and want to turn a profit. But you work for money because you care for yourself and not for your employer and society. But you're actively helping society. It's a topic I can only recommend. Sweatshops on price gouging. Very very interesting!!! Socialism is also very interesting topic!! I listen to it and read about it a lot as well! Which is why I understand how it just cannot work.
So I wouldn't just recommend educating yourself on capitalism but on economics overall. Very interesting! It really is.