Yes, we need to fix it; it's definitely broken. And that is why so many of us are broken and still not healing.
Economic conservatives, which includes all Libertarians, Republicans, and many false Democrats, are the only ones who uniformly seem to believe that this corporatist, largely unregulated and essentially union free economic model we have followed for the last thirty years is the paradigm of perfection. And that the responsibility for all suffering and woe belongs to us.
That is why cads like Rick Santorum can profess their love for hard working, non-college educated laborers. They really love them. They most especially love to keep them working very hard without union representation, in the absence of strong labor standards and laws, and for a very, very long time, with no hope of retirement and Social Security until it's just about time to step into the grave.
Why would anyone with a brain, let alone a heart, love these greedy bastards back?