A world where the top 3 publicly known richest people have more wealth then the ENTIRE bottom half of the world's population.
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Capitalism is destroying our lives. Suicide rates and depression are higher than ever before.
You are wrong for 2 reasons.
The first one is this:
You are trying to see the third world from Los Angeles! Wrong direction. Consider staying few weeks in any of these countries...
A few weeks may be not enough... but I suggest you try to read about some those poor countries problems. They have completely different causes of poverty, and a different kind of poverty. I believe poor people in Los Angeles have much more opportunities than poor people in Venezuela or Brazil, where even the mid class doesn't have much opportunities...
The second reason is that these 3 richest people on the world are a problem caused by the governments, not by capitalism.
I don't even know who these people are, but for sure they made lots of money through government subsides, or they have very little competition in their business due to regulations.