No, the current system produces by far the highest standard of living for the most people. Which is why with the gradual spread of free market systems has resulted in a dramatically increased median global income, dramatically reduced global poverty, and dramatically decreased global inequality.<p>The US, Canada, Australia, Germany, UK, Japan, France, Netherlands, Sweden, Denmark, Singapore, Italy, South Korea - all utilize the free market system to one degree or another, and none of those are remotely close to being Socialist. Nearly all of most prosperous major economies on a per capita basis, those with the highest standard of living, are free market oriented, and anti-Socialist.<p>The US has the fifth highest GDP per capita, and one of the highest median household income levels, as well as nearly the highest median disposable household income level; as well as a median household net wealth level higher than Germany or Sweden. For a nation of 330 million people. Let&#x27;s see Socialism manage that; the closer you get to actually implementing Socialism, the faster you collapse.<p>Versus: USSR, which struggled to even keep extremely basic grocery store shelves stocked. Cuba. Cambodia. Vietnam. Socialist Germany and Italy of the 20th century. North Korea. Mao&#x27;s China. Venezuela.<p>You can&#x27;t show me one single example of Socialism ever working, not after 200 years of disastrous results from every attempt at Socialism. I&#x27;ve got dozens of extremely prosperous examples of the free market working, it has worked in the US for two centuries.<p>There is no contest.