"Capitalism seems to give lip-service to individualism but the model tends to work toward subjugation of the individual for the purpose of control and profit. The self-interest at the top and its control of government oppresses all else. Certainly your reference to 85 controlling half the world's wealth indications the distortions of the current systems - I cite the same example."
We need to distinguish between capitalism as a system of regulated entrepreneurialism (the social democratic model) and capitalism as a system that permits accelerating accumulation of individual wealth resulting in increased inequality and denial of opportunity. The latter is political and social, the former economic. Command economies didn't work and not simply because many of the people in charge weren't too bright. A lot of them were pretty bright (look at Gorbachev). Those economies didn't work because stuff was manufactured that people didn't want to buy and there was no feedback system to explain this to the apparatchiki.