This is a Western view not necessarily seen in Asia, such as China which does seem to be solving their problems just fine.
And either way I was specifically responding to the point the commenter above me made, that capitalism can't help fix the issues, and my point is that China is fairly capitalist yet they've found ways to fix at least some of their issues. Not sure why you took that to mean that all of their issues will be fixed, that's a straw man.