when the anti-slavery movement began gaining serious traction in the US, some people compared the state of southern slaves to so-called "wage slaves" up north, and came to the conclusion that, hey, at least the southern slaves were generally taken care of in a paternalistic fashion. the wage slaves up north often lived in abject misery, too.
Sometimes, I don't think things are that different for a lot of people, both here in the US and abroad. Capitalism --does-- help, but it also creates a few winners and a lot of losers, at least in the beginning stages, and without government intervention.