The current system works well for the majority of the people on Earth and for most of the people in the rich West it works extremely well - we have a lifestyle

The current system works well for the majority of the people on Earth and for most of the people in the rich West it works extremely well - we have a lifestyle that very few could afford just a century ago. And the system does reward smart, hard working people - e.g. ask the founders of big tech companies and the people who work there.