I don’t believe
Personally I'm a big fan of the Santa Clause myth. At an early age it's hard to imagine that your parents can be wrong let alone intentionally mislead you. Learning the fact that Santa Clause doesn't exist is an important part of developing an awareness that authority figures lie and their lies are almost always self serving.
The loss of Santa Clause is important because it destroys magical thinking. You may find it cute that when your child wishes upon a star, but you don't want them to be vulnerable to manipulation.
Power attracts the already corrupt
I'm not an expert in economics, I've been trying to understand the situation as much as I can in terms of things that I already know.
I watched a documentary on Enron, a company that had a culture of risk taking, that promoted those who were driven to make money, thus who had the hunger for more power, those who knew how to play the game.
What I took away from that film is that the problem isn't an economic system, it's a culture that gives power to those who desire power
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