No it doesn't. I'm not pro socialism, communism, nor capitalism (as defined today). However, we can have proper societies with great standards of living, while

No it doesn't. I'm not pro socialism, communism, nor capitalism (as defined today). However, we can have proper societies with great standards of living, while having extremely rich people (i.e. billionaires). It's been done in the past, and no reason why it can't be replicated other than people not wanting to address the true underlying causes of the messed up financial system we live in today.