You act like capitalism is something that was invented. Market economies have existed since the dawn of time.
Think of it more like a spectrum where free market and unregulated capitalism is on one end and economies under total state control are at the other.
There is clear evidence that one side of that spectrum favors innovation more than the other.
I guess you could argue that one end of the spectrum is more “moral” than the other, but I would counter that the opposite end is amoral rather than immoral.
Everyone suffers. Now that work has ramped back up post pandemic, it is very apparent how our talent pools have been impacted.
It’s the worst kind of problem: hard to fix and slow to show fairly significant consequences.