This means that, much like democracy, capitalism is a deeply morally righteous system. …What part of the Christian spectrum does the author fall on?
Indeed democracy is not a morally righteous system. Government itself is a necessary evil. Our form of government is not morally righteous, it is merely the least evil form of government. Since power corrupts, it is better to have many little tyrants fighting each other for power, rather than one all powerful tyrant.
Capitalism is also not inherently morally righteous. It can be but it doesn’t have to be. For every person who finds meaning through work and productivity there is also someone else who doesn’t. Both winners and losers are necessary to the capitalist system because, “there can be no real freedom without the freedom to fail.”