Even the 'moderate' view of how capitalism works is obviously bad; if you believe that capitalism exists to handle scarcity by prioritizing based on what people are willing to pay, then that logically also means that things will be distributed by wealth inequality rather than by who actually needs something - ie. it can never be a fair distribution method
(This interpretation of what capitalism's purpose is is wrong and undeservedly optimistic, of course, which makes it all the more fascinating how *even then* it is still an obviously unfair system)