I also believe it does, but the response to the financial crisis has made that generation (millennials, Y, whatever you want to call them) vulnerable to the message that it doesn't.
Basically, after the chaos caused by Lehman Bros going under, the authorities in most of the West flinched. They never sent any exec of a bombed-out bank to trial or even looked like doing so. Then there were the "Kevin the Teenager" non-apologies from the bankers who'd privatised the profits and socialised the losses.
A whole generation has grown up seeing them get away with it, and many of them have convinced themselves that capitalism doesn't work as a result. And are then vulnerable to lefty teachers telling them that Marxism never failed, it just wasn't tried properly etc etc. There is a genuine danger of that generation voting in a Corbyn-style left party and a repeat of the 70s. It might turn out that Jezza was only a dry run.