Capitalism without regulation is a great way to grind large portions of the population to dust, and enrich a small number of capital owners.

It consumes childhood and adulthood. Only when workers have power can the engines of innovation benefit the many.

Of course history is littered with failed autocracies aspiring to be capitalist/socialist/insert-econ-system utopia. I'd argue the current US administration is in an autocratic mode right now. And doesn't seem to be going well for any except the richest asset owners.