Earlier quoted context omitted.
Can you name an economic system that doesn't have similar flaws? Economic systems only usable by hunter-gatherers don't count, unless your real argument is with civilization rather than capitalism.
You ask this question as if it were a rhetorical question. Is there any reason to believe that such an economic system that also combines much of "good" properties of capitalism cannot exist? Disciplines like game theory and mechanism design have made tremendous advances over the last few decades. Surely we can put these ideas to work in designing better political and economic systems.
Tangentially, no real world economic system is "designed". They evolve out of competing interests. Even if you did design a system and implement it perfectly, it would have unintended consequences. We can't perfectly implement pre-designed political and economic systems, though; every attempt seems to turn into a bloodbath.