Yes, the problem here is that capitalism is good at some things (making microwaves cheap) and not others (dealing with externalities). We’ve let it be the dominant force shaping “progress” for quite some time, so we’ve made progress on a lot is things capitalism is good at solving. In the meantime we’re also backsliding or stagnant on various issues that capitalism can’t address alone.

The pro- and anti-capitalist sides both have a point.