If by capitalism you mean the free market, then capitalism is not a moral system. It is amoral. It is just natural and doesn’t care if the $1000 you made is from a life saving invention or trafficking in kiddie porn.
Communism and all its derivatives is a moral system. So are Christianity, Buddhism, Islam, etc. It’s a lie to compare the free market to some moral system. It’s apples and oranges. Why America is so great is that it combined the free market with Christian morality.
Business accountability in America is a function of that morality. There is nothing about capitalism/the free market that would lead to business accountability unless the consumers demanded it.
In capitalism the consumer is king. In Christianity Christ is.
BTW, I bought your American history series along with the companion book and am looking forward to reading it.
Communism and Christianity are not economic systems.
Strongly concur with your statements, and offer the words of Jerry Pournelle, who asserts that “Laissez faire capitalism and free trade are effective at creating goods, more so than anything else, but unrestricted capitalism leads to organlegging and the sale of human flesh in the market place.”
And to be clear, Pournelle is very much against big government and especially any kind of totalitarianism or command economies,but who recognizes that capitalism must be tempered with morality.