I am not sure this can be considered capitalism failing... the capitalists are succeeding on allowing almost anything to be financed long term.
It is a tough fix but if the government were to step in, I would imagine that they would need to limit "financing" options. If you can't afford to buy that new mattress for $2,000 then you can't afford to pay $20 a month for 120 months with interest. The ability to finance almost anything has taken from the art of saving.
Perhaps a tougher crackdown on credit limits would also be a step. If an item is needed that costs more than the credit limit, you can add funds beyond the balance to pay for it. Again, it would help with the need to save vs charge to cc now, worry about later.
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