No, capitalism is not evil by design, but it is flawed because it does not adhere to a human theory. We should ask the pertinent question: what is capitalism’s purpose when it does not improve human adaptability to nature’s entropy?
In fact, capitalism is merely the exchange of money for products or services rendered, practiced in every country in the world that uses a currency.
Capitalism cannot be evil by design, as capitalism is an inanimate construct. It is not a system, in the proper definition of a system. Capitalism does not adhere to a theory, let alone first-principles humanity agreed to follow. Hence, a laissez-faire construct, by default, produces laissez-faire outcomes, serving human wants over human needs. Human wants that, many come to terms with, are incompatible with human needs as defined by nature.
As a result, the standard deviation of merit attached to money has narrowed from a broad spectrum of proximal development in every direction, defined as improved adaptability, to a narrow subprime –read uniform– standard deviation of merit defined by a singular human want, wealth accumulation.
Capitalism can be fixed when it is subjugated to a theory of humanity that improves our adaptability to nature’s entropy and broadens the theory, in the words of Albert Einstein, that determines what can be discovered.
Don’t blame capitalism. Blame the lack of a human theory that can breathe new life into humanity through capitalism.