Prior to World War 2, the biggest capitalist bugaboo was the socialists. In fact, the fear of a strong U.S. Socialist Party was used deftly by Franklin Roosevelt to get the titans of commerce and industry to not oppose the 90+% marginal income tax rates he was proposing to fund the war effort. The conservatives were so afraid of the attraction of socialist ideas to poor people that they went out of their way to destroy the U.S. socialist parties. Post WW2, the bugaboo transformed into a fear communism, clearly a brother to socialism. There were communists in the government and under the bed, oh, my! This lasted until the fall of the Soviet Union and has been replaced lately by a loathing of Eurosocialism, “Socialism!” once again, albeit as only a mere shadow of its former state of disgust.
One can see why confirmed capitalists would hate such economic systems as they would stand in their way of becoming even more filthy rich than they are. So, since communism has been discredited and the socialists run out of town, what is left to oppose the might of the capitalist juggernaut? Very little, it would seem.
Wiser capitalist heads would recommend that one and all settle in for the long haul, become less visible, and just chuckle all the way to the banks, which they own, of course. But alas, that strategy has not been adopted. Instead, capitalists have decided to grind as many people under their boot heels as possible, to extract every possible dollar from the middle class, the poor, and the elderly so they can have another automobile elevator in their garage. Since the social safety net will require some taxation to support it, it has to be drastically trimmed back. High unemployment keeps wages low and profits high, so a jobs program? Not upon your life! And so on.
So why are these capitalists driving the bulk of American citizens back into the arms of socialists? Back into the arms of people who care about common people? Well, you see, big time capitalists really do believe that greed is good. They just can’t help themselves acting upon their credo.