Not true at all. I'm from Poland which was occupied by communist for a long time, and I can guarantee you - the amount of scam we had under that rule was orders of magnitude larger than what we have now.
Yeah I did forget about that. When you flatten the pay structure across the board, it makes bribes and scams so much more desirable. But also, communist structure in practices is sort of the total opposite of capitalism at a distance.
It was said that Karl Marx was completely right about Capitalism and completely wrong about Communism. And that is fairly accurate, both have big flaws.
Most times, the opposite of one bad idea is another bad idea.
I think it's really far fetched to say capitalism is bad idea. It's great system, it has some problems, but the upside is so big and alternatives are so bad that it's really unfair to call it bad system.
I think that encouraging corporations to destroy our environment (e.g. climate change) as fast as possible to maximise profits is a very good reason to call it a bad system. Yes, some goods and services become much more efficient, but now we're all going to have to pay the price for it.
Yh, the end of civilisation is a good thing after all, so enabling greedy fuckers to accelerate all life on Earth ever more rapidly towards destruction has to be good ...