Plus if you're an entrepreneur who's NOT a tycoon you might feel very differently. I've kept a business alive these past ten years in spite of anything the market threw at me, and I had to notice the sharp correlation between my own well-being, and the Fed metric for the labor share.

Globalization hurt my business just as much as it helped. Yes, overseas sales, but my domestic sales just kept getting eroded as people live on less and less money, and it got to a point where I just got onto a Patreon model because my competitors in my industry were becoming too evil: I had to get disruptive in a big way because my industry sector was in a downward spiral of dishonesty, broken promises, DRM, and increasingly ruthless business behavior.

I expect major turmoil in that market within a few years, but I jumped off the train before it went into the ravine ;)

I think these days people who understand economics lean socialist, and I see unironic embracing of even more radical doctrines. Capitalism is following an easily observable trajectory as human worker productivity gains escalate year over year, and that trajectory is not 'upward'.