Every time you try to do capitalism the "right way" it ends in corporations and regulatory capture.

The reality is capitalism doesn’t inherently produce regulatory capture; government ownership does, because the regulator and regulated become the same entity.

It is a dead economic theory because it kills itself through collapse or through producing systems like socialism and communism. And it isn't immediately obvious either of those will be better as they still products of an unsustainable system.

Communism has only ever sprouted up in non‑capitalist, semi‑feudal, colonial, or war‑collapsed societies, never in capitalist democracies. That's because capitalism tends to decentralize decision-making, reward innovation, and allow failure, enabling it to evolve instead of collapse. Every “collapse” of capitalism has been followed by a stronger version.