What about Junon? It has the same juxtaposition of wealth and poverty, the marginalization of local culture in favor of industrialism, and, most importantly, the Parade: a gilded celebration of the achievements of modernity and progress even as it's being undone by its own mistakes (and behind closed doors, you see that Shinra knows it).
Then VII spends the rest of the game showing how capitalist societies eventually destroy themselves. All of Shinra's mistakes come back to haunt them, from Sephiroth to WEAPON to Avalanche, and the weapons they created are useless to defend themselves. We see their desperate attempts to survive - cannibalizing their last remnants of idealism (the space program) and attempts to prevent panic by executing scapegoats, and even that blows up in their faces.
The self-unraveling of capitalism is the majority of the game, and you have to argue away its existence to claim allegory ends with Midgar.





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