Most Canadians and Americans will say that they are believers in capitalism. But when push comes to shove, we’re often very annoyed by the consequences of capitalism.
A good example I experienced recently came when stiff winds uprooted trees, lifted roof shingles, and destroyed fences in my area. In the aftermath there was a run on fence posts and bags of cement. All the local suppliers ran out for about a week.
If the suppliers had raised prices during peak demand consumers would have screamed that they were being gouged. A part of capitalism is the idea that prices rise and fall with changes to supply and demand. If suppliers had raised prices high enough, only those who really wanted their fences fixed right away would have bought materials and there would not have been any shortage.
By being spared the consequences of capitalism in this case we had to put up with shortages. Rather than having the materials go to those willing to pay the most, they went to those who arrived at the store first.