No. Capitalism “distributes” wealth justly, i.e., to those who earned it, in proportion to how much they produced. Wealth must not be distributed, but created and earned.
What is wealth? Wealth, like its corollary knowledge, is not a static quantity but is potentially limitless. The only limit to one’s wealth, in a capitalist society, is the power of one’s ability to think and produce. If one wishes for the wealth of all to increase only one requirement is necessary — freedom.
Reason, ultimately, is the source of all wealth. As capitalism is the only social system that leaves the individual free to think and act (if one respects the equal freedom of others), capitalism is the social system of maximum wealth creation for all.