There’s capitalism, or there’s poverty. Take your pick.
Accurate for the majority of people in the society. However, the leaders and their minions are always well off. If power over others is what turns you on, such a society is just great. IF you're one of the leaders.
It is also fair to point out that all present "capitalist" societies are actually a blend of capitalism and socialism, including the US. Our present government is doing its best to increase the socialism component.
A number of European countries do reasonably well economically with a much higher socialist component than we presently have.