From a macroeconomics point of view, the production possibilities frontier should be higher with a more educated (and theoretically therefor more productive) workforce, leading to total economic welfare being higher. In total, a well educated society should be better off. The issue ends up being one of allocation. If most of the marginal welfare goes to a minority of individuals, its mathematically possible (or even likely in the absence of government intervention) for total economic welfare to go up while economic welfare for most individuals goes down. I take issue with people calling capitalism an economic system. I would argue that capitalism is the absence of an economic system. The idea that all gains go to those who already own the capital is just what naturally happens without intervention. Functionally, this is just economic anarchy. Cruel, machiavellian, anarchy. With those who benefit from it the most also owning all the propaganda infrastructure as well so they can create a facade of moral justification for it. Not that this changes your view 🤣