It's not. By definition, it's based on control of capital. That's why it's called capitalism. In other words, those aren't "legacy" issues; they are literally the system as designed.
Since utopia is impossible, its a choice between:
>Capitalism, where people can typically pull off the american dream in their lifetime.
or
>Let politics determine how much material things you get
The latter seems especially scary if you are familiar with history
Capitalism follows a very simple algorithm. In a capitalist economy, capital always accumulates, with all exceptions being precisely that: exceptions. Are you defending the exceptions or the rules?
Realize there was a very long and quite recent time when capitalism was impossible. By your logic, we should reinstate the divine right of kings.