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I still believe that, but we also have to accept that it never actually will.
It could work in a vacuum with a perfectly spherical populace, for instance.
It absolutely can work, so long as it isn't allowed to run the show: harnessed, constrained, controlled capitalism, with no concentration-of-wealth-archy machiavellianism, can work.
But to do that, then you have to make the pay-ladder be proportionate to difficulty-to-replace, & not a means of "legal" embezzling, you have to make accounting unbreakable ( blockchain, ALL entries getting into an Algorand-type blockchain that all businesses in the economy & the gov't all have servers participating in ), you have to make Human Capital Investment ( NOT consumable-human-resources: wrong model/paradigm! ) work properly, etc, etc, etc.
A Japanese keiretsu is an example of a semi-autonomous-economy which proves that capitalism can work ( capitalism works within the keiretsu ), & Toyota is a vertical-keiretsu ( profit-efficient ) & Panasonic, Sony, etc, are horizontal-keiretsu ( marketsaturation efficient ).
Another problem is that market-speculators, like those "candlesticks market-timing" people, enforce market-volatility, as a means of harvesting money from others, & that is an antipattern.
Worker-owned-business is the bedrock of it, too..
which unions & political-ideologues hate..
Put ownership, accountability, responsibility, & authority, all unitary!
Anyways, there are ways of making it work, but I think it's just too .. "Japanese" ( in terms of how thorough the management-paradigm has to be, to even understand the system ) .. for any Western-mind to think of it properly.
No matter: soon a not-for-profit will begin demonstrating how this all works, later this year, I think..
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Yeah because Japanese companies like Toyota, Sony and Panasonic don't exploit their employees.