Huge numbers moved out of grinding poverty in China and India. Its not even debatable.
I'm not alone in this; even pro-capitalists agree that a relationship can be exploitative even if both parties benefit in some way - they just disagree that capitalism is the cause of such a relationship which we can see the world over.
I think the argument for capitalism improving peoples' lives by measurable degree is a valid one, but it is only as valid as the argument that feudalism (for instance) improved the lives of those without any sustenance or access to land at all. I think we have the capability to do better than pursuit of profit.