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I have absolutely no faith in the capitalist system. It puts great value on making money and every other selfish pursuit, and relying on individual human decency to check individual human greed will never work.
That said, I think that it is the only viable system, when put broadly. I believe in the concept of free trade as a useful tool for enhancing an economy, but it needs heavy regulation. I also think that public services should be nationalized, and I use a broad definition of public service. That is to say, pharmaceuticals, energy, telecommunications, etc. When a society puts a price on such things, good rarely comes of it.
Here's a good argument against. My friend recently bought a new laptop, which came preloaded with Windows 8. For reasons that will be obvious to some, he wanted to install windows 7 on it. The UEFI SecureBoot prevented him from even booting into the install DVD, until I disabled it in the BIOS. It's only one step for manufacturers to lock the BIOS setting, and suddenly the computer is usable with not only just windows, but only the original copy.
That would be pretty hilarious.