Cool. Now tell us why it’s been condemned.
How the fuck should I know what you think?
Also: capitalism may work like that in theory, but it’s never been fully implemented in practice. Every so-called “capitalist” economy has the rich putting their thumb on the scale to make markets less competitive in their favor.
That's where democracy and anti-trust laws come into play to tip the scale the other direction. Many European Nations have done a much better job at this than nations with lower democracy index scores such as China, Russia, and the USA.