Throwing the baby out with the bath water over a few bad actors has consistently failed and left people far, far worse off. You don't even need to look far back in history to see examples, South American countries were still obsessed with the Bolivarian idea of "capitalism is the root problem" nonsense well into the 2000s... until they ran out of money which masked the unsustainability of their alternative, like we're now seeing in Ecuador and other countries.