The graph above shows how irresponsible monetary policy caused financialization & de-industrialization of the US economy. With so few new loans going to private-sector ventures, it should be no surprise that the ratio of private-sector workers to total population has declined so sharply.
Consider how risk perceptions were distorted by centralized repression of interest rates to put them at absurdly-low rates to support exploding government debt so resources were diverted from the private sector to the public sector.
There might a been a different picture if markets had not been flooded with liquidity that provided fuel & pumped air into bubbles or low rates that discourage saving & reduced income & earnings for households.
Those that would attribute any of this to a failure of markets (capitalism) must willfully ignore how monetary policy suffocated markets & then blame them for failing!