I'm dismissing failures because every single time it ended in bloody dictatorships, but no, This Time It Will Be Different®.
No, it won't. Funny how you talk about learning with the failures of history, but you keep insisting in trying again a system that again and again has proven itself to be horrible.
And again, that's when the world has been the best that it has ever been. In 60 years, extreme poverty went from ~60% to <10% of the global population because of free trade and globalization. Free trade was the largest income distribution process in history, shifting value from developed countries to developing countries.
Sure, there is still a lot to be done, but the current system has worked miracles. It can be improved, but proposing a dramatic change to a system that ALWAYS results in bloody dictatorships makes no sense.
Keep your disastrous social and economic experiments to yourself. Socialism has done harm enough.