The two party system really comes down to hoping to win every off cycle election so you can stop the other party and bring the government to a standstill for two years until the next election kinda worthless really
It is that way now. I think in the 20th century there was more potential for enough agreement between members of the parties to pass legislation. That has increasingly not been the case ever since the Tea Party in 2010 did a Ship of Theseus move ousting almost every moderate Republican from office,
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Don't get me wrong in not advocating for centrism, mostly making the point that the two party system itself is destined for failure in a capitalist context (where corruption is called lobbying and donations)