Franco sighting Friedman made me think of this. Friedman is quoted saying that Hong Kong was the pruriest capitalism on the planet. This was before China took it back, too.
I worked over there for a while back in 1998 and will be the first to say his statement was accurate. My other observations were a very few people had a good standard of life and most of them appeared to be very wealthy and they wanted everyone to know it. The working man had very little and was not well educated. Even the folks that worked on the trading desk of a US bank were not creative and would preform any task you asked but you had to tell them exactly what you wanted on every task.
My point is that pure capitalism creates rich and poor...nothing in the middle. This is why so many have a good way of life here, so some deviation from pure capitalism is a good thing. Obviously socialism is not good either. Therefore, a capitalist society that has rules in place that protect the working man and the consumer is good.
So the battle goes on. Capitalism wants no bondaries but that is not good overall, so too much conservatism is bad just like too liberal is bad.
Think about a country with no unions and no government regulations and think about where we would be.