This is, however, capitalism: the belief that the best outcomes in a society accrue to owners of capital who provide such capital for production based on incentives from general society.

Seems Scott has identified that capitalism is flawed, and that labor and creativity are just as important inputs as capital to the production of value. This is a break from previous writings that extol the power of capitalism to drive social progress. Perhaps he should explore cooperative/mutualistic economic models founded on the idea of shared ownership.