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this post was submitted on 12 Dec 2024
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For profit companies is capitalism and like it or not, it is by far the most successful way of doing things. It's so successful bthst it isn't even a contest.
What you need it capitalism with a boat load of restrictions to keep it fair. Restrict companies in size and revenue. Get to 5000 employees? That's it, you can't hire anymore. Get to X amount of yearly revenue? Taxes on anything above that gonto 100%. Companies cannot buy other companies. Limit what can be invested and how. Limit the powers of special interest groups created by companies. This way there will not be one big player, companies will actually have to compete. You get the power of capitalism without the bad parts. Now use the proceedings of that power capital to fund a good socialist framework that gives free education, free healthcare for all, free minimums like housing, food, etc.
What's your fitness function for "success"? Killing all life on earth? Then, yes, I'd agree with you.
But if your fitness function is "to deliver necessary goods and services to customers to satisfy their needs without causing mass extinction", then--no--capitalism isn't very successful