There are some features of capitalism that are good, individual businesses etc. I am in favor of employee owned businesses. There is a sense of ownership and shared rewards,

The advent of television certainly has amplified this. When television came in, people had spent less time with friends.

Yup

This is an extreme negative view of capitalism.

The problem we have is not capitalism. It is 'uncontrolled capitalism'. American capitalism has run amok. Nobody is held accountable for wrong doing, price gouging, exploitation, law breaking, not playing by the rules, over accumulation of wealth, controlling levers of democracy and so on.

This is a common view of blaming the philosophy, blaming a system or software, blaming a business process, or blaming a relationship.... when the real problem is where it is badly implemented. ERP software is a great example. It is given as the car chassis with the basic framework with all bells and whistles with very useful but complex logic and processes built inside -- all in one place. The software maker expect the client to understand and implement it properly. When it is not, guess whose fault it is? It is always the software. Wrong implementations is a common case with large software.

It is the same with a business process, a philosophy, a relationship. Human beings have a special knack of screwing very good things. Just look at the beautifully written American Constitution that we praise the wisdom of our founding fathers so much. Why is our democracy not working for American people? Why are so many people dying without appropriate medical care? Why is it so un-affordable? Why are the rich getting richer?

Talking about constitution. Do you know which was the best written constitution in the world? It was not of the UK or the US. It was of the former USSR. Yes, the of the evil communist empire of the red USSR. It included the best rights and protections for the common man, the worker, the teacher, builder and all at the bottom. But what happened? It proved to be the worst implemented constitution where people ended up in being sent to Siberia for just opposing a government idea. No right, no voice and no justice.

Don't join the chorus of others in blaming something mindlessly. Research what the point is, is it right? If you do not do that, you are spreading a rumor.