Does improvments in living conditions justify the capitolistic system?

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[ame=http://www.youtube.com/watch?v=HFxYyXGMfZM]YouTube - Noam Chomsky: Is Capitalism Making Life Better?[/ame]

I got some good ideas from this, specially when he referrers to an improvement of living standards in the slave economy before the overthrow.

I take bets on independent self sufficiency, mixed with technological mastery to be the next usurper of the beast.