Many people, especially Americans seem to confuse capitalism with 'trade', 'competition', 'markets', etc, whereas I mean it as the private ownership of production, the profit from other people's work, etc. That seems fundamentally immoral in some ways from the very start.

The question then is how should we allocate resources (capital), how should we incentivize risk, innovation, hard work, etc, What kinds of ownership are moral, etc.

I suspect we'll be stuck with capitalism in some form for a while though - like democracy, it's the worst system, except for all the others.