It's beautiful in theory, but all we have to do is look at the banking and investment sector to see that unregulated industry leads directly to the opposite outcome you posit. Without government "interference" in the free market, 12 year olds would still be in the coal mines. The trick is striking a equitable balance, which is always a struggle at best. But giving the key to the castle to a bunch of fat cats and expecting them to be the arbiters of social justice is pure fantasy. Of course, now that those same fat cats hold high level government positions, it's all but a moot point.
No no no no no
The Fed is to blame for the credit crash. Artificially cheap fiat money and bailouts. The finance sector in America today is far from capitalist. Capitalism is about profits and loss, bailouts go against every principle of capitalism. Governments are digging their own graves with the current hair-of-the-dog economics, and they are sadly being applauded for it. Look to Greece.
Capitalism ended child labour. Capitalism enabled people to take their children out of work thanks to an extreme economic growth.
I don't think you could possibly say anything more factually inaccurate.
care to elaborate on that?