If the US is bad, its rivals are worse

It is no accident that so many critics of western capitalism are petro-states. A market economy succeeds by providing incentives for raising productivity and incomes. A state-controlled system is lousy at providing the right incentives, and so is bad for productivity. But a petro-state thrives simply on the geographical accident of mineral wealth, not great enterprise or efficiency.

Socialists bemoan the capitalist emphasis on profit and growth, and focus on distributing wealth instead. This would be fine if money dropped from heaven, and the only task of governments was to distribute it. But if you have to produce the wealth in the first place, markets do it much better.
TimesofIndia