All systems dealing with human nature will inherently be flawed and require workarounds and bandaids.
There is no perfect system, but throughout human history, capitalism seems to have consistently resulted in technological growth and improved outcomes in terms of health, lifespan, creature-comforts, etc.
We tried communism - over 30 countries did - and the only ones left are China, North Korea, Cuba, Vietnam, and Laos. Interestingly, current and previous communist states got a lot closer to “regulating breathing” than anything we have today. It’s not a good look as far as stable and free systems go.