Ah the innovation argument, so original. “Capitalism creates innovation”. Everyone says it all the time so it must be true right? Well it isn’t. Data doesn’t support this argument.
Pretty much every major innovation of the past century has come from publicly funded and/or not-for-profit research and development. Capitalists only step in once the difficult part is done and the ‘innovation’ can be repackaged into something profitable in the short term.
Capitalism definitely creates barriers to certain types of innovation. Mainly innovation that isn’t profitable - see ‘planned obsolesence’. It also creates barriers to profitable innovation sometimes; just look up ‘patent trolls’.
But I was never even talking about innovation. You just jumped to it because that is the classic buzzword talking point that is constantly repeated everywhere. ‘Develop better alternatives’ doesn’t have to be ‘innovation’. We have the technology already, we’ve had it for decades. Trains and cycle lanes = better alternatives to cars. Nuclear energy = better alternative to fossil fuels.
Market capture exists everywhere, in every economic system.
Sure, this might be the case for every existing economic system. I believe we need to develop something new. Just like modern Capitalism was inconceivable to someone living in the Feudal era, a new system might be inconceivable for us right now. But it is imperative we try.