Interestingly, the way to overcome this problem is to develop and use combination therapies. I learned (in a virology class, but the principle applies to anything with a replicating genome) that a very good estimate of the combined resistance rate is simply the product of the separate resistance rates associated with each drug in isolation. I don't think this is commonly done with antibiotics yet, but perhaps someday this will become necessary.
I should also mention that when the selective pressure imposed by an antibiotic is removed, a population of resistant bacteria will invariably revert to a wild-type phenotype because of random drift (or loss of its resistance plasmid where applicable). So old antibiotics do become useful again after enough time passes.
Antibiotic drug development essentially ceased in by the 1980s for a bunch of complex reasons - breaches of capitalism as well as scientific naivety - I think that we'd be just fine right now if the pipeline had not stalled.
More fundamentally, capitalism needs more than just an economic defense (plenty of people and organizations do that today, and while their arguments are essentially true, they are not going to win that way). Capitalism is the only moral social system because it is by definition the only one that is compatible with individual rights. Individual rights are required because only reason allows mankind to maintain the conditions required for his survival. Any other system or "tweak" necessarily requires the initiation or threat of non-retalliatory force upon innocent men, which necessarily stops their minds in a manner proportional to the degree and scope of the threat.
The next step is pretty simple - what is the good? The altruistic idea of the good is not logically sound; if the good is defined as helping others, how is the good defined for the recipients of that help? To tack on another rule to solve the conundrum isn't sensible - to morally bifurcate humanity a priori (in this case, without looking at the specific actions of a particular person that arise from free will) should give you pause. Rand's answer is that every human being exists for their own sake, and that the good is what is in their own long-term rational self-interest. This is a precondition for proper and healthy human relationships; to the extent that people pursue this, they improve their lot and lives.
So to reiterate: from a scientific perspective, this is not a practical problem that doctors would face under true captialism, and morally speaking (which, in Rand's view, is exactly equivalent to the practical), there is nothing that can exist that is better than capitalism.