I think people should be given a stark choice - either eat government provisioned rations, take public transport, and live in public housing (socialism) or contribute to a fluctuating capitalist economy and roll the dice a bit. Then likely make a bit more money on average, although less predictable (capitalism)
The thing is that capitalism[1] can work reasonably well for almost everyone if capitalists weren't so shortsighted (and petty). Many Nordic countries get this right and their populations are the better for it.
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