Many far right countries (australia, japan, south korea) use ranked choice voting... it doesn't make a bit of difference. If capitalists control the political system, then they will stack candidates and fund the campaigns that support their interests, and the "democracy" there is nothing but political theatre.

Outside of Marxists, even the ancient greeks knew that representative government is just another name for plutocracy, because only wealthy / landed family have the money and prestige to fund campaigns to get themselves elected. Liberals still haven't learned this simple lesson.