This is the fault of capitalism and is cured by socialism [which you are determined to defend]?? The weight of the chip on your shoulder must be overbearing.
Do show where I defended socialism. (Actually, I wasn't aware that capitalism was fond of inherited privilege, either.)
I would be happy to share my collection of Thomas Sowell books with you. I won't "give" them to you 'cuz I worked hard to pay for them but you can borrow them since I'm compassionate.
Thanks, but I own about twenty pounds of prime Sowell, only half of which I've digested so far. Although I've had no direct contact with the man, about seven years ago, one of his researchers contacted me for help running down some sources. (I have no idea what use, if any, the information was put to.)
Capitalism isn't fond of inherited privilege, but it does thrive on capital accrued over time. The poor person who spends 3 hours washing clothes in a bucket with a wash board is tremendously liberated when a washing machine at a laundromat can get the same job done in 30 minutes for $1.00. When that person can afford a washing machine at home, the 30 minutes guarding the commercial washing machine and traveling is available for other activities.
Our society flourishes with capitalism. Even the poorest among us can afford factory made clothes instead of having to raise sheep, spin thread, weave cloth and sew a garment. We don't have to plow fields, sow, harvest and grind wheat to make a loaf of bread. There are people willing to work as farmers, bakers, garment makers and washing machine manufacturers because there is a market for those goods. Each practitioner has the freedom to produce something very efficiently so that we can all afford to buy it. Each practitioner is freed from the need to be a jack of all trades because others can supply his/her needs.
Capitalism makes each of us more efficient. We save time and money. If we carefully save the money from that efficiency, we have the means of purchasing items to become more efficient in the future e.g. the clothes washing example.
The counter example in socialism is the inability to own private property and accrue capital to improve one's condition over time. The authoritarian state owns everything. The "people" have only what the state returns to them from the confiscated fruits of their labor. There is no incentive to improve. The "people" perform the minimum necessary labor to sustain life.