I'll start by saying that I neither agree nor disagree with the concept of capatalism. Capatalism and money are necessary evils, if there is no money then there is no order and everything goes to hell. However, Americans have gotten off track in the pursuit of money. Money should give exactly what was intended, the ability to buy things. The American system of capitalism lost track of the ideal in that money brings more than buying things, money brings power, money brings influence, and money brings freedom from the law. Just as we will never have a poor president, we will never see Bill Gates on death row, regardless of the evidence against him.(The reference to Bill Gates was hypothetical so don't flame me for quoting a non-exictant case.) The only way to correct capitalism would be to somehow seperate power and money and this will never be done, simpily because the only people in a postition to do this are reaping the benefits of a flawed system.
Secondly, I don't know if I am the only one to notice this but socialistic capitalism is an oxymoron. Though this is mostly a technicality I thought it important to point out that either the government rules commerce, or private businesses do. I will admit that there are several agencies allowing the government to get their hand in the pot of commerce, however this is in no way a large enough effect to constitute socialistic capitalism.
And finally, I have just as much discontent with our current system of commerce and government as the next person, however it is important to realize that no matter what is done there will always be flaws. The simple fact that commerce and government are all ruled by the same thing, humans, verifies that it can never be perfect. However, government and commerce are both works in progress, we have been working towards government and commerce since we first began to walk errect (or came into existance for the religious folks amongst us.) and we have come quite a distance in our attempts. This can be seen simply by looking at the many third-world countries of Asia and Africa. America's government and commerce is definately and inherently flawed, however it is leaps and bounds ahead of where others are, and will surely see more positive, and negative, changes as we as humans and as a society evolve and grow.
Okay... I'm done now.