There has always been a system where the enlightened minority with wealth and power do what ever they can to retain their wealth and power. Capitalism is just a modern word to describe the wealth system maintained by the wealthy elites: monarchy, corporations, religious institutions, governments, wealthy individuals, banks, etc.
Just like USSR and other socialist countries then?
I got a better way to describe it... Socialist countries are those beautiful and amazing countries that people are running away to flee starvation, lack of democracy, censorship and lack of liberty. Usually even flee the countries are forbidden. Capitalist countries are those terrible and diseased countries that people usually try to flee to. It doesnt even need to be that good, considering the millions that fled from venezuela to brazil, colombia and argentina.