One flaw, every 2nd rate and 3rd rate economy has what it takes to make capitalism thrive. A burning desire for something better. So here we sit yes sit with a vast number of our population either protecting what they have or finding a way to adjust to what they have lost.
In any case, the burning desire for something better seems to have evaporated. What do we ave to do to get it back, frankly dunno, but can tell you we really need it.
Our standard of living comes as a result of our community, a community is defined as people with shared values. What do we value?
Good luck out there!