Ok let's try to revisit it again. Of all the countries that freed themselves of a Soviet dictatorship literally zero want back, or are building 'socialist' economies. How about taking their experience as a measure?
Full disclosure, I'm living in a Western social democratic nation and am horrified by the capitalist and/or neoliberal ideologies. I am of a strong belief that neither of opposite ends of political philosophies bring good and prosperity for ordinary people.