Ok, any other historical solutions that have worked?

Most of Europe has phenomenal education and happiness rates with low crime rates despite the massive impoverished refugee camps they’ve taken in out of goodwill. If competent legislative reform and regulation doesn’t work then businesses wouldn’t be fighting tooth and nail to stop it. Better question: When has that other option ever worked?

It doesn’t “use” competition, competition is sometimes a condition, but capitalism works actively against competition.

And the absolute authority of the state to seize any and all assets, allocate all resources wherever they see fit, works actively against competition to a much higher degree, among the many other reasons not to do that. For an example look at Chinese housing infrastructure: everybody was built a home, massive complexes paid for by the public built by lowest bidders and people with connections rather than by developers and contractors. The problem is the homes weren’t built in the places those people live and work, so there is a massive homelessness problem in China and many housing units have sat vacant since they were built. And the amount of blood sacrificed to build this ineffective system under Mao was astronomical.

And that’s a controversial take. I could have brought up the USSR.