Capitalism is bad at pricing in externalities. It’s pretty good at using price signals to allocate finite resources to more productive uses.

Markets do not equal capitalism. You can have the efficiencies of free markets (worker owned co-ops which are market socialist) without the all consuming greed of capitalism.

Like farmers who refuse to let the government plant shelter belts to preserve our top soil all because they don’t want to take a 5% hit on their yields… So instead we’re going to deplete our top soil in 50 years and future generations will be completely fucked because creating 1 inch of top soil takes 500 years.