Actually, it’s quite the opposite. While socialism may have good intentions, it limits the drive for innovation because the control in socialism is centralized, which can also stagnate economic growth. Under a socialist society, productivity can lag because there's less personal incentive to excel when the rewards are shared indiscriminately. Capitalism thrives on fair competition, pushing businesses to innovate and improve efficiency, ultimately benefiting everyone with better products & lower prices. While socialism promises equality, it leads to inefficiency and limited personal freedom, as the government decides what is produced, who receives it, and what they can do with them. Capitalism empowers people to decide what they want to give to the world and gives them the freedom to pursue these goals, creating a dynamic society with more opportunities and high living standards. In fact, since you’ve mentioned exploitation, many capitalist societies addresses issues like inequality and monopolization, and even has regulations on them, but without stripping away personal freedom or the drive to innovate. Simply put, capitalism’s focus on individual initiative has a reputation of raising living standards and progress that socialism just can't match. Most of the best inventors in the world used their capitalist freedoms to invent things we all rely on today, like for example, Thomas Edison for the light bulb, Alexander Bell for the cellphone, and Vint Cerf for the internet.