Yet despite that many residents in the wealthiest nations report increasing levels of unhappiness with the state of things. While there are other factors that play into this, it doesn't seem that wealth generation itself is a direct vehicle to the things people value / make them happy
Yea people report that. And then you let them go to Ghana for a week and you'll see their perspective shift real fast. That people have no historical perspective isn't an argument against capitalism, it's an argument for education. And the thing with education is that it's done by the state. So really it's the state that is failing capitalism, not the other way around.