The last 150 years or so of history kind of says no, but people keep trying because the last person "didn't implement it quite right" and "they," somehow, "know how to do it better." Maybe people need to see another 150M+ deaths to prove a failed philosophy/ideology is somehow what we need. It's the underlying philosophy that is the failure, no matter how you dress it up or try to implement it. The individual is sovereign.
Yes, competitive democratic political system with minimalist federal government that is used only to solve issues that need a monopoly to be solved, everything else can and should be done by free unregulated market. But if you want people to have some sort of safety net, it's a separate issue. And government can be used for that, as a middleman to help organize financing of those safety net. But government is never tho most efficient player on the market, so it should not be a part of the solution.
And US and most western countries don't have all of this at the same time. Some countries have competitive democracies(US not one of them) some have kind of minimal/efficient governments. Some not that regulated markets. But no one has all at the same time.
Long term not really - succession has always been a problem. Hereditary monarchs try to groom and train heirs from birth but it is no guarantee and there are messier bits of inner politics like back ups and murder to claim the throne. Chosen successors were tried with emperors but that has many of the same problems including the "A people hire A people, B people hire C people thing". It isn't an intrinsic merit thing "because I am great those I hire are great" but that those who are competent and secure want the best to work with and try to get them. Their judgement is not perfect and has subjectives but they try to.
Meanwhile those who aren't secure or competent and know it hire worse people to secure their position and well work their way down the alphabet.
Democracy is ironically a very stable system because it works on blocks and ideals instead of people - not to mention peaceful transition of power.
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