Good post, thanks.
The opposite of cynicism is naiveté. One of the more significant criticisms of the Republican voting `round these parts seems to be that the voters (especially the poor ones) are being duped into voting against their own interests. Books have been written about this.
To say that capitalism is broken requires throwing some of the axioms of conservationism out the window. For some reason, conservationism seems to more or less be a club, whose initiation ceremony is simply a permanent commitment to faith in conservative axioms. The problem with faith is that it prevents one from building models of ideas, in which the model goes beyond the original idea, so as to better understand it. To truly understand something, one must go outside the idea in question. How can this be possible if many of your basic assumptions are conjoined with your mental faculties? I think conservatives would do well to learn more about their own assumptions by coming up with criticisms of liberal ideas. Then, see how well you can rebut the liberal's defense, especially in the context of the conservative alternative.
As a liberally minded person who is nevertheless skeptical of all organs of power (including government), I would challenge conservatives to question their own basic values. (And, if this doesn't hurt your head, you aren't doing it right. Expanding the mind can never, under any circumstances, be comfortable.) Under what assumptions (and what century) were conservative axioms conflated with positive outcomes? Why are certain things axiomatic (like private property)? There are a whole host of (mostly unwritten) assumptions that are needed to justify the prudence of any given axiom that lies at the base of every conservative's worldview. For example, consider the sacredness of private property. The unwritten assumption (aside from the moral component--i.e., the Little Red Hen parable) of making private property sacrosanct almost without exception is basically a slippery slope argument. I.e., if I can expropriate private property for reason X, what's to say that my neighbor won't expropriate private property for reason Y. That's a viable argument, but only in some cases! By making private property an (almost*) global axiom, you are basically seeking to constrain the economy to one system of organization, with the all resulting dynamics resulting by dividing up the economy based on individual accumulation of wealth by profit via competition and collusion.
Deeply rooted in conservative thought is the right-libertarian principle that markets should be the fundamental driving force behind all aspects of society, whereas it should be obvious to anyone that the accumulation of wealth by means of profit is merely one possible way of organizing economic activity. Would (for example) Wikipedia exist if the only way of organizing economic activity were the exchange of goods and services for money? That's not to say that conservatism denies that Wikipedia should exist outside the framework of capitalism, but rather, that conservatism fails to realize that its existence and (runaway success, especially in technical articles like software and mathematics) proves that there are gaping holes in what traditional economic activity, based on money and markets, can provide. The conservative defense of having such a limiting worldview more or less boils down to, "Well, we acknowledge that capitalism isn't ideal, but we can't have anything else than pure, simplistic and unadulterated market activity, since no other pure idea results in comparable economic productivity". And, you know what? This might be true. The question then becomes, though, why do we need to stick to pure and simplistic ideas? Which brings me to my next paragraph.
In conservative circles, the litmus test for attacking a policy is usually a question of violating one of your axioms. If you listen to talk radio, you will often hear the host aligning himself with the most fanatical of politicians in the Tea Party, for the SOLE reason that the said candidate hasn't said something that goes against fundamental conservative axioms, and has implied that s/he is a "true believer". Witness hardline radio host Mark Levin (for example) supporting Rand Paul. Rand Paul hadn't said anything that too seriously violated conservative axioms (unlike, say, his father, Ron Paul).
What about outcomes? Don't you think it's an assumption that simply getting as many people in power to obey your conservative principles / axioms will lead to the positive outcomes? What if that's not the case?
What if, in reality, the effect of bestowing the ruling class with legitimacy--based on the simplistic fantasy that conservative axioms result in positive outcomes, in any given situation--is to shut down discussion? What if the effect is for the ruling class to **** the rest of us even harder?
* Surprise: the axiom of private property doesn't totally apply to those at the very top who are well connected! (And it is an inevitable outcome of capitalism that the rich will be have a drastically unfair and corrupt influence in government--often called "crony" capitalism to wrongly distance this fundamental flaw from capitalism in general.)