The inherent wrong in capitalism is that it creates exploitation and rewards the greedy.
Competition is the great driver of men and capitalism is the best system that we've created to exploit that urge to compete. However, capitalism also thwarts competition
when it becomes too lopsided (monopolies), which is where regulations and government have to step in to balance the scale.
But the bottom line is that capitalism is built on scarcity. There HAS to be a lower class willing to do the bullshyt jobs for little pay for the system to work. I'm not sure how any black person could be in favor of that system given the fact that white people basically had a 300 year head start to hoard all the capital in their favor.