Earlier quoted context omitted.
Capitalism has been a miracle for everyone, not just a few. It’s true that inequality has increased over the last 30 years: https://www.indexmundi.com/facts/bangladesh/income-distribut... . The income share of the top 10% has grown from 22% to 28%. And the share of the bottom 20% has dropped from 10% to 8%. But 8% of a number that’s 6x bigger is way better than 10% of a number that’s 1/6 the size.
Focusing at the bottom end, a 20% wealth hit is a really big problem for poor people. And just because they're well-off compared to other countries or previous periods in history is meaningless if they have solvency issues in the present. Being flat broke in our advanced technological society is a serious hardship and can not be measured in simplistic absolutes.
22% of $1000 is $220.
8% of $6000 is $480.
28% of $6000 is $1680.
$480 > $100.