Take the good with the bad because regular capitalism is not bad. Unfettered capitalism is the problem.
The thing is, unfettered capitalism is basically regular capitalism brought to you by Adam Smith & his successors. Bernard Mandeville, who arguably also described capitalism prior to Smith, called it out for its faults and said that it may only be to the public benefit through careful regulation, whereas Smith thought that greed would somehow regulate itself.
Perhaps unsurprisingly, Smith is the one more may have heard of today over Mandeville.
The thing is, unfettered capitalism is basically regular capitalism brought to you by Adam Smith & his successors. Bernard Mandeville, who arguably also described capitalism prior to Smith, called it out for its faults and said that it may only be to the public benefit through careful regulation, whereas Smith thought that greed would somehow regulate itself.
Perhaps unsurprisingly, Smith is the one more may have heard of today over Mandeville.