 Capitalism includes the freedom for individuals to succeed or fail. The individual owns the fruits of success and pays the costs of failure. Capitalism includes the idea of creative destruction, where old, inefficient, and outmoded products, services, and companies go out of existence in order to make way for new, innovative, and more efficient products, services, and companies. Capitalism is the only moral socioeconomic system that is proven to promote human flourishing throughout the course of history.