If you want to have an honest discussion, don‘t start like that.

As you say, capitalism is a tool to create wealth. But it is not a societal tool. It isn’t a system society introduced in order to increase its wealth. It kinda happened, and in that vain you can‘t say it is just being used the wrong way. It is what it is. Capital (which has accumulated in some hands for some time, for reasons) uses the labor of people who have no such capital in order to increase wealth. You could say that it needs greater control so there’s a little bit more in it for the workers, more than just the bare minimum to survive. But this isn‘t a feature of capitalism, rather a result of workers fighting for some control for a long, long time. The institutions, the state, democracy, primarily serve the interests of the ones who control the production of wealth, not the ones actually creating it. The contradictions property introduces have to be permanently dealt with by the legislative, the judiciary and the executive. Admittedly, the wealth created using this method was gigantic. And yeah, even the workers profited from it (for a long time only in the western world).

But that wasn‘t the goal. The capitalists didn‘t forget this and are on a remarkable campaign to take as much for themselves again as possible. As in the good old days.

We really have to think for alternatives and don‘t tie our hopes to a system that has exploited us for the past 200 years. Otherwise we are just going in circles.