True it maybe, but extremely unfair to extend that to honest ones.

Majority of the gripes against capitalism comes from people who doesn't put in enough effort and then envy those who are successful. Though i wouldn't argue against laws to a certain degree of protectionism but it has to be in a way which inspires progress rather than complacency. Obvious examples of how such protectionism done terribly wrong is Malaysia's own NEP and Proton protection.
Heck, all of these are also capitalist systems. So there really isn't any viable alternative.