Socialism is only a valid answer if you don't understand technology. If you think there's a fixed pie and we have to forcibly break it into rations so that everyone gets at least something.

But technology offers a much better solution, which is grow the pie large enough that everyone has as much as they want. There are no physical limitations to this concept. The universe is rich with everything we need for billions of years. Karl Marx didn't understand asteroid mining.

And it turns out that unchecked capitalism is shit but it's just the right kind of manure for the garden of technology to bear its fruit of panacea.