You say that ironically, but average people in developed nations have arguably better lifestyle and more resources than kings used to. And living standard in developing nations have been steadily improving. The system is incredibly flawed because the humans it is made of are incredibly flawed. Considering how flawed it is, it is working astonishingly well.
Thankfully, workers are deciding every day they would rather work in the current system, then stop working based on some hopeless dreams of flying castles.