While capitalism certainly has its drawbacks, it does (through its inherent incentives) provide mankind with all sorts of innovations and breakthroughs that one could argue wouldn't have occurred otherwise in a static market void of incentive and motivation.

You really mean it? :-) As same wrong argument is used for like 200 years.

Actually capitalism due his nature killed so much innovators and innovations, and not allowed huge amount of people to even become ones. so it if we will put it all in one place it will be amazingly huge cemetery.

The potential of personal wealth acquisition (financial security) is far greater under a free market model IMHO.

I think you now moved in different direction.

First, most innovators in capitalism never got any security, at best they sold their invention and worst just went back to sweatshop work fully broke.

Second, you propose that main inventors goal must be increasing personal wealth. This is wrong.

Third, I have issues with term "free market", just use normal "modern capitalism". In this modern capitalism, most benefits of tools made (as stated, not as actual!) for inventors are used by, surprise, biggest corporations. Actually for many inventions even if you have patent you have zero chance in court against corporation as your money will end before their lawyers will even start talking.