The author is correct that capitalism has brought lots of suffering. He is also correct that progress requires much more in society than capitalism alone. Howe

The author is correct that capitalism has brought lots of suffering. He is also correct that progress requires much more in society than capitalism alone. However, it is definitely the case that the enormous technological advances we have seen in the last few centuries could not have happened without capitalism. The proof is that socialist countries, in spite of enormous investment in technology and science, have failed to produce any significant technological advances outside the military and space exploration realms. In the few cases where someone in a socialist country invented something important, like continuous casting or the cat scan, it languished until it was taken up by capitalist countries.