@GabeLakmann the inequality created by capitalism during the "robber barons" era led to the rise of the populist progressives who demanded more equality, which led to the Progressive Era.

This was still during the time of the British Empire, and this gave capitalism a bad reputation because people associated capitalism with colonialism, which still persists to this day although countries like Singapore prove this is a myth.

The answer you want is that everything boils down to race.