The capitalists are no longer capitalists.

Somehow we went from capitalism is the best system because it most efficiently distributes scarce resources to “give us all the money and power in the world because our large language model is going to usher in Star Trek!!!”

The grifters have one. Though you could equally assign the blame to the idiots who fall for it.

Efficient distribution of resources is the purpose of governments, not capitalism. No one goes into business with the goal of more efficiently distributing resources, but to increase their wealth as much as possible. That's the one and only goal of capitalism - to make capitalists rich.

The capitalism your comment bemoans the death of, like pure free markets and homo economicus, has only ever existed in economics textbooks. In the real world it has always been grifters and parasites all the way down.