The corruption issue is well-known, but not relevant. Corruption has been demonstrably worse in non-capitalist societies. Likewise, the biggest issue with capitalism is actually the lack of perfect information (and manipulation of information), but once again, non-capitalist systems have at least as big of an issue here (usually far worse).
The partial solution for information involves requiring more disclosures, having a smaller government with higher transparence, and (historically impossible) making that information easily available and publicly searchable on the internet. This also tends to help reduce the corruption issue.
A complete solution for either corruption or information transfer seems out of reach at the moment.
The short answer is simply that of all the systems we've tried as humans, capitalism (though imperfect) is the least worst and results in the least human suffering.
The partial solution for information involves requiring more disclosures, having a smaller government with higher transparence, and (historically impossible) making that information easily available and publicly searchable on the internet. This also tends to help reduce the corruption issue.
A complete solution for either corruption or information transfer seems out of reach at the moment.
The short answer is simply that of all the systems we've tried as humans, capitalism (though imperfect) is the least worst and results in the least human suffering.