This is such a weird take because every other system except capitalism did not produce enough resources to let there be 8 bn people, and capitalism did produce them and also made the people vastly richer than the 1 bn there were before.
We do need innovation in tech, and in supply chains, and in products, and for that capitalism is wonderful
We do not need innovation in how to ignore labour laws (uber) renters protections (airbnb). We do not need lower marginal top tax rates, and accumulation in the 1%.
We also need innovation in how to stop runaway capitalist cycles (and, again, I am hoping western democracies will learn from china how to do that before it is too late)
The prior has a _lot_ of bad outcomes. Check out Nestle's impact to the world.
The latter has a _lot_ of good outcomes, but it easily opens up to the former.