> it's the threat of dying of hunger that provides the incentive to produce.
And then you contradict it with:
> creates incentive to capture as much value as possible
Incentive is to capture value, not create it. Workers create value because they have no other choice, but the system encourages capturing of value on a large scale. Rent-seeking and debt-collection is the most profitable activity in capitalism, not creation of value.
Of course they have a choice. They're not slaves.
> Rent-seeking and debt-collection is the most profitable activity in capitalism, not creation of value.
You can't collect wealth that is not created.
Yes, they have a choice to be homeless and/or die of starvation. What a choice.
> You can't collect wealth that is not created.
By that logic, slavery is also a great system because it also creates value.
No, it's the threat of dying of hunger that provides the incentive to produce.
The fact that almost all slices are taken by owners and banks actually creates incentive to capture as much value as possible regardless of production of it.