Tolstoy was exactly right.
It doesn’t have to be this way, of course. Welfare Capitalism, as practiced in most of the developed world, allows the creative destruction of capitalism to proceed while shielding individuals from its excesses.
Supporting capitalism does not require that we support a free for all in which the capitalists use people and natural resources as they will. Capitalism left to run its natural course results in the destruction of individual life, liberty, and ultimately the environment we need to survive. A serious capitalist will acknowledge the need for strong government regulation of capitalist practices, even as he fights against those regulations that limit his own profits.