Well, I can't speak for the author, but in my opinion, there are no “good” or “bad” capitalism. There are only phases of social degradation caused by the capitalism as a system. It is a destructive system, and as such doomed to crisis. Now, we are at the terminal phase which can lead to destruction of capitalism as a system, or a destruction of mankind through a global war.
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So you propose a socialistic flair of life?
You see, arnold, capitalist matrix has the urge to twist terminology. So, if we are going to talk on that, we would have to agree on what is “socialism”. I hope I could soon put up a lexicon of true and matrix terminology. Only then you could be satisfied with my answer.
My view of socialism, in a simplistic form is... On Steemit, A person creates an awesome post and is upvoted to much steem, the creators of Steemit make it so that the steem generated on the post be evenly divided amongst the community? This example could also be compared to Crony Capitalism. There is a fine line between the two. In my opinion. Please know that I appreciate and respect your viewpoint. I just don't agree with it :-)