And your proposal is? A lot of alternatives have been tried in the past several thousand years and almost all of them suck. Real hard.
Don't think in terms of The Alternative System, just think in terms of the small things that can make life better. Things like reduced working hours to have more time for family, or better economic freedoms for everyone.
Those things do not represent a change in The System. In particular, they are perfectly compatible with allowing private initiative in the market. In fact, they enhance private initiative overall, in areas outside of the market (having more time outside of work can translate to becoming engaged in local community organizations, to give just one example).