Capitalism does not need to be fixed. We need to ACTUALLY have capitalism.

The above article seems to claim that we can fix capitalism by adding socialism to capitalism.

socialism != capitalism

They are mutually exclusive for the most part.

First it is important to note that we do not live in a pure capitalist system. I would estimate it as 25% capitalism, 25% socialism, and 50% kleptocracy (special interests / corruption).

To blame capitalism for all the problems is akin to taking an Olympic gold metalist, tying him up in iron chains, throwing him in a pool and then blaming swimming as the cause of drowning.

Capitalism is by far the most efficient system for increasing the wealth of an ENTIRE society. History has shown that societies prosper in direct proportion to how much they embrace capitalism.

We are currently moving from capitalism towards socialism and kleptocracy (think klepto as in stealing).

The common complaints against capitalism are not actually complaints against capitalism; they are usually against corporatism (regulation that favors corporations) or kleptocracy. Why do corporations have tax breaks employees can't take even though their situations are similar?

Bank bailouts were not a failure of capitalism. Capitalism would say that no company can get money for free. All money must be traded from other individuals wishing to purchase from you. The fact that the banks knew they were most likely to be bailed out created a moral hazard that encouraged them to take risks. "Privitized gains, socialized losses". Under pure capitalism a bank would not take such foolish action because they would know they would have a high probability of going out of business.

Monopolies are often created by government policy, not by free markets. For instance, why do lots of communities only have 1 ISP even though there are competitors that would love to do business there? It is because the city grants a license to that one company for a long period of time. DNS registration was granted a monopoly by the government. Why can't we have other DNS authorities? Surely the vast majority of people on here can still make a profit and charge cheaper for domain names. Why does GoDaddy have to pay a fee to another company that doesn't actually provide any real value?

In capitalism, if I was able to invest at 30% each year I could open my own bank and give out 10% in interest to all my depositors. Instead we are stuck with abusive banks.

The only semi-rational (emphasis on semi) argument that I have heard against capitalism is that those with capital have a higher chance of getting more capital and that this would lead to a concentration of power. It may in fact do this, but the moment the power is abused, others with capital will combine their resources to take the place of the exploitative company, or there will be revolts and people will boycott that company.

The system is set up so that businesses are fettered with regulations such as minimum wage and hiring ethnically diverse people (as opposed to the most qualified). Under global capitalism, the companies in countries that do not have those laws will drive the US companies out of business. Businesses that can will be forced to move to those countries if they wish to survive. It is no shock to me that unemployment is on the rise.