I don't think so! IMHO, people just don't appreciate the generalized spread of wealth we have today. All the stuff that can be had by those with the most modest means that was undreamt of even thirty years ago ... for how primitive were the eighties? Then what about the twenties and the thirties? You had kids growing up learning how to amuse themselves with paper clips and thimbles. Now, $40 toys blow through the lives of toddlers like so many dry leaves.
I have to think of Dostoyesvsky, "I believe in it, I answer for it, for the whole work of man really seems to consist in nothing but proving to himself every minute that he is a man and not a piano-key!"
Sure capitalism has brought great wonders to market and has lowered the cost of goods and services through innovation and great strides in improve efficiencies.
But you do have a point that the poor in this country have available to them undreamed of wealth compared to the poor of a century ago.
Force redistribution of wealth has made the poor of today obese. The poor today have a high caloric intake with nothing to do to burn those calories. Who could have imagined in the 1920s that the poor of the next century would suffer from rich man’s diseases like gout?
The welfare state does nothing to benefit the rich nor the poor.