To make it just that much worse, the entire
point of capitalism, as Adam Smith envisioned it, was to benefit the
consumers. He
specifically stated that in any case where the interests of the consumer and producer came into conflict, the state should side with the
consumer;
Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
Capitalism was intended to be a system that benefited the
consumers, not a system whereby the owners of the means of production took all the wealth and hosed the working classes. The laissez-faire form that's cropped up increasingly is itself a form of class warfare, driving wealth inequality up and leading directly to the marginalization of the consumer. This should be seen as
contrary to proper capitalism.
Because the root purpose of
any economic system is to allocate productivity in such a way as to benefit society. If it's not doing that, it's a
failing economic system. It doesn't even matter if productivity is
increasing; it isn't serving the fundamental purpose that economic systems are meant to serve.
Benefiting the wealthy and choking off the spending capacity of your consumers isn't a path to prosperity, and certainly isn't to the benefit of those consumers.
Which just goes to show that for all people criticize Marx for getting things wrong about human nature, the father of Capitalism was just as off-base.