Capitalism won't fail

Ariana Huffington believes capitalism is as dead as Soviet Communism. For her sake I hope it's not true because The Huffington Post launched with V.C. (that's venture capitalist) funding -- around $40 million after several rounds. Surely she has more faith in the system?

This world economic meltdown won't kill capitalism and is not evidence of capitalism's failure. In fact, the meltdown exposes the failure of government overregulation and unchecked greed. Capitalism favors those with, well, capital (cash). The banks that have survived in this meltdown are ones with enough cash and not the ones betting everything on real estate properties and their derivatives. Same with car companies. Or any company for that matter.

People fail to realize that capitalism works with capital, not credit. Americans have gotten used to finance every purchase, from cars to televisions to furniture, instead of paying cash. Those households abiding the "cash is king" rule will do just fine in this economy. Same goes with companies. Firms operating with little or no debt will survive this economy. That's capitalism.