It worked pretty well for the US until the pre-WW I depression, and worked again until the great depression. Then with restraints by the government it worked well again until globalization and Ronnie Rayguns taking off the restraints left it to it's own devices... which weren't in our best interest.
If you think Directors and CEOs are good guys who give a rat's ass about the best interests of you and the country, I've got a bridge I'd be willing to sell you.
