... when was the last time capitalism led to mass starvation and death? Every famine I'm aware of since 1950 has been the cause of either war, recurring environmental issues that have resulted in famines across multiple economic systems, or government mismanagement.
The rest is correct, but the mass starvation and death is a very curious insertion.
Also curious that it's not really a cycle, since the 'free' market is never disestablished or interrupted in the cycle despite being 'established' again at the top of the cycle.