And it continues to be the case that greed and bad management keep getting conflated with “Capitsalism” by propagandists–who dish this pabulum out to eagerly receptive resentful minds–when in fact it is obviously and patently absurd. If you hate your boss, start your own business. If the government has made it hard, blame socialism, not “capitalism”.
Do human greed and stupidity disappear when the government has a monopoly on them? Of course not: they CONCENTRATE. All the abuses of Communism and its socialist cousins–for example in Venezuela and Zimbabwe, and India before it changed its ways–should seen as distillations of the essence of the abuses the people thought they were protesting, and which the very same sorts of people used to get coercive power over them.
As long as there are bad people, no system is safe from them. But what our system offers is alternatives. In the system created by our Constitution, each State was supposed to be an alternative to each other, and the Federal government something far away that mainly mattered in times of war.
We’ve had wars a’plenty, and look at our government now.