Capitalism has not really raised people from extreme poverty. Most probably it has just pushed more and more people into extreme poverty over hundreds of years, in addition to making life miserable in general for so many.
The only time things have gotten better for regular people within capitalism is when workers organize and when people participate in anti-capitalist and anti-colonialist action.
New study on the topic: https://www.sciencedirect.com/science/article/pii/S0305750X22002169?via%3Dihub