That's a dangerous, shallow, and incorrect blanket statement. Visit China for a month and you'll see what true free market capitalism does to people. Heck, go back 100 years in the US.

The US isn't where it is today wealth-wise JUST because of cold hard capitalism. It also helps that we have a large market with everyone speaking the same language, having similar laws, one currency, copyright and patent acknowledgement to protect inventors (back before corporations ballooned to their current size), a decent amount of civility, fair business law, a respect for the rule of law (something my home country of Bulgaria does not), strong property and land ownership, and a desire to innovate that have allowed people to build wealth.

A country isn't built on everyone doing whatever the hell they want. There's an actual formula for it.