This is wildly incorrect. If it was that case then we would not see the amount of young person unemployment. You would expect to see full youth employment and elder care falling through the cracks due to a lack of availability of labor. This simply isn’t the case.

Again the reason for this is that capitalism ideologically justifies itself by claiming that it creates efficiency by concentrating productive forces into the hands of fewer and fewer ‘productive’ individuals. However, all that means in practice is that unless you are some kind of born genius, capital will not invest time and money into you, and even then, you have to be born to the correct family with the correct connections to recognize that genius.

It is a form of economic eugenics.

This, coupled with the fact that financial capital is much easier to generate than real productive capital, means that wealth will continue to be concentrated into the hands of the financial markets and the few industries that facilitate them. A bare bones structure will be kept in place to trade around, but their ideal scenario is them trading a closed briefcase back and forth, speculating on what is inside the briefcase, but never opening it up, forever.