The word you’re looking for is etcetera. And unless you plan to return to community banks where you have to get to know the local banker to get a mortgage, you need this system.
I’m not sure how tying this to capitalism makes sense…lending is a risk, they are betting that you’ll remain employed and will continue to pay them - there is a chance you won’t and you pay a premium to get money now. Communist countries also have this system, but it is more centrally controlled by the State.
You’re wrong that it didn’t impact the outcome. MI flipped to Trump directly because of the uncommitted movement. Slotkin won the senate race, but Trump won by a narrow margin. Independent votes and low turn out siphoned off enough to make that happen. Low turn out also directly impacted the results. PA is a different story, but low turn out was true there, too