I would argue the system is designed for efficiency. Economic solutions to this problem are about introducing legally-mandated inefficiencies, like limiting competition or artificially increasing labor costs
They actually don't. Water is contaminated at various levels in many places.
They have light and television because of the ordinary working people who work at and maintain electricity plants and design, sell, assemble electrical products.
These things exist despite the billionaire leeches not because of them.
I didn't get your point, but we certainly need more competition, not less.