We got rid of a lot of "bad parts". For example we got rid of institutionalized classism whereby certain stations in society were reserved for nobles and royals

We got rid of a lot of "bad parts". For example we got rid of institutionalized classism whereby certain stations in society were reserved for nobles and royals. And one other thing facet to think about is that "avoiding collapse" is not necessarily the same as progress. These new aristocrats may decide to give everyone just the very minimum to get by, leaving the masses in a sort of limbo. And then that defeats the whole point of capitalism; the individual is not longer in control of their destiny.