Good capitalism, bad capitalism

[timelets]

Paraphrasing Leo Tolstoy, all good capitalisms at least satisfy the Pareto Improvement principle in the same way: an improvement for one individual doesn't make anyone worse off. All bad capitalisms violate the criterion in many different ways.

When a capitalist economy starts exiting a broad structural recession we are bound to have bad capitalism, because people (e.g. investors and employees) in the leading industry are much better off than people in the loosing industry.