Capitalism—the system by which those with capital exploit those without, paying workers a tiny fraction of the wealth they create and calling the remainder “profits”—has certainly created a big old pile of wealth, but it has also created vast inequality, instability, and discord. In fact, it only works if there are more losers than winners, no matter how productive the working class are.
And why do we allow such exploitation? Because capitalist propaganda keeps workers divided along lines of race, gender identity, party affiliation, and religious tradition, just to name a few. If they can keep us fighting about such differences, they don’t have to worry about us banding together to fight them.
So, sure, global poverty rates have fallen in the era of capitalism and neo-liberalism, but much of that progress is due to public investment, labor organizing, and social programs—all things that capitalists actively fight against. We believe we can do better than a system that lifts a handful of people up while leaving billions behind.