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Not really. The wealthy classes had no issue making money under mercantilism. The issue was, no matter how much money they made. They were denied a level of power and control gate kept by monarchs. Economic liberalism did away with the divine right of kings and rule by bloodlines. Replacing it with something ultimately, arguably worse.
As inbred and shitty as most monarchies were. Oftentimes they at least attempted to be educated and trained to be decent rulers despite generally failing. All capitalism ultimately did was simply redefine who gets to be a monarch. And do away with any pretense of being trained or educated to be a decent ruler. Now we simply promote the least qualified most mentally ill and unscrupulous people possible.
In fact the average person stands to make a far more money under any system that doesn't tolerate monarchs, oligarchs, or vanguards. As opposed to capitalism for Marxist leninism which does.
Come on, man! The serfs/peasants/slaves had it way worse than anyone living under "economic liberalism". There is no comparison! Not even close.
I will agree that zero tolerance policies oligarchs (all well as senior associates, propagandists and enablers) does benefit everyone.
Comparing them out of context to us has no value. The average serf today works more for comparatively less than those that lived under many monarchs. Do you think the average serf back then worked 40 hour weeks. 40+ weeks a year? This isn't a defense of monarchies however. Just a condemnation of capitalism.
The increase in standard of living comes from industrialization and automation. Not capitalism. Because for all the atrocities and faults of ideologies like Leninism. They achieved similar increases in standard of living. Which again, is not a defense or praise of Leninism. Just pointing out that capitalism is equally contemptible at least.
Show me a system that doesn't allow for oligarchs or vanguard, and we'll talk.