SORRY NOT SORRY: Sorry AOC, capitalism is not the problem.

Carol Roth has written a nice little defense of capitalism, plus this important reminder:

Despite its trust-violating actions of opening fake accounts and charging fees, Wells Fargo today, according to their most recent 10-K filing, still has $1.9 trillion in assets and services one in three households in the United States. Customers apparently just don’t care enough about their past behaviors to vote with their wallets and take their business elsewhere.

If consumers’ actions matched their words, they would be leveraging the essence of the free market. By not spending their dollars or time with companies that they didn’t value, those companies would be forced to change or be put out of business, if the companies were salvageable at all. The vote of their wallet would instead direct dollars (or time, etc.) towards companies that aligned with the important values of consumers, whether it be privacy or worker conditions or other values.

But, the reality is that consumers don’t care enough.

Like voters, consumers get what they ask for — sometimes good and hard.