Not sure if you have ever worked with the homeless, Scott. I have, for a couple of years, and that experience revealed and unpleasant truth.
We were a non-profit acting as a business incubator in order to create jobs for the local homeless population. We fpund that handing a paycheck to a new hire was a great way to make that person disappear. Possibly you could argue that capitalism itself created the addiction and mental health disorders that caused our employees to drink and drug up their wages and then vanish, but I think you will find no shortage of these syndromes in socialized states.
I doubt entirely that our homeless population "is designed as a Puritan spectacle" to show anything at all. Once again Godwin's Law is relevant; you're ascribing intention to a situation that is almost certainly unintentional. Capitalism is not an organized phenomenon under the control of some bad dudes, it's a vast, chaotic, and self organizing ecosphere/environment that persists and grows out of its successes, despite the individual costs, Irregardless of the personal costs.