Let’s be honest, Soviet style socialism wasnt so great either… the problem is that sociopaths & psychopaths (you can call them windigos, if you want — google it) get to the top of the heap in many communities and have every intention of doing whatever it takes to stay there.
To survive as a species, we need a way of dealing with them, which probably means everyone learning that just having more stuff doesnt make you happy and wont solve your problems. We need to become proof against adverts.
It has to become deeply unfashionable to be spectacularly rich. And (as Ricardo Semler pointed out) we need to say to rich philanthropists “if you have to give that much money away, you probably took too much in the first place”.
Turn your back on the windigos and walk away. Life’s a lot more fun that way.