I mean that raising people out of poverty aspect in particular. I rather think capitalism tends to throw most people into poverty. Though around war it seems to be able to indeed have enough employment for all - like say Germany rebuilding after WWII.
That appears to be a common perception of capitalism. Again, having people being able to produce their own things and sell them doesn't make people poor, it usually makes them more productive.
If you look at countries that adopted capitalism, is your general perception they have the most poor people? Usually countries that only allow people to work in government owned facilities have a lower standard.
If I remember correctly the 1% keeps roughly 2% of the value they add to the economy, which is still a lot of money obviously. And this money isn't made by stealing from people, they sell products or services that generate income from consumers.
People are usually free to buy or pay for a service, it's not government mandated you use Netflix or buy chocolate bars. People usually buy those because they want to, and companies, the owners and employees earn money that way.
If many people produce and sell products you usually get higher quality at a lower price. Take Apple with their highly priced iPhones, those things are expensive for sure. But Apple set a standard and is pushing all other companies to improve and be cheaper.
They do this so much that I see people in every country have a phone even if they don't have a place to sleep. Are capitalist countries also using China low-wage production: for sure, even Apple hasn't been able to stop that yet.
But if I remember correctly China still makes most money from these kind of hybrid free-market activities, raising the average wealth for every citizen. Hopefully to a point where their situation is acceptable.
Usually if you don't have a choice, due to lack of competition, you run into issues. In a free-market place competition could start competing, as prices are too high. Governments can act to create or break those situations if needed.
But as far as I see, having people making goods and services for their own profit makes it possible everyone can have things for a reasonable price. It's not directly tied to wars and I also don't see everyone being poor in capitalist countries.
I've found this quote to summarize my text: "Not all capitalist countries are successful, but all successful countries are capitalist". If some country tries something different and succeeds, I bet everyone will start doing that to.