>There are none. But I don't want the economic system to be judged by its ability to do resource allocation. I want my economic system to be judged by its ability to improve metrics of human well being - and not even the median well-being, but the well-being of say the 10% percentile person in society.

That requires resource allocation as a prerequisite and a functioning democracy that values this metric. Blaming the first one for not having the latter is a choice, but a strange one.