Is your implication that the rise of capitalism was a tragedy? Or were you only talking about the specific abuse of peasants in a most assuredly non-capitalistic aristocracy?

I feel that the rise of capitalism was anything but a tragedy, since I am sitting in luxury, compared to the non-capitalistic world, and typing on a computer, instead of trying to shove a wooden plow through the mud past the graves of half my children.

I do agree that careful consideration of unintended consequences is an important part of any endeavor. A non-centralized, free-market system tends to handle such things better than highly-centralized economies, keeping the damages localized.

A free-market system is inherently more stable and robust than a centralized economy, much the same as a biodiverse rain forest is a much more stable ecosystem than a cornfield filled with a single variety of corn.