​​​The success of capitalism throughout its history shows that free-market capitalism thrived because self-interest and competition played significant roles in economic activities, and the American sociopolitical system aimed to create a stable, just, and prosperous society.

However, over the past forty years,  American capitalism' sociopolitical and
economic institutions have turned free-market capitalism into a new form of feudalism where a small percentage of the population owns a significant portion of the wealth, similar to how land and resources were concentrated among the nobility in feudal societies in the 9th to 15th centuries.