I am not PP but I think a decent basic income is a good alternative.
Effectively, it is splitting of fruits of economic production into two portions. One portion is redistributed to everybody, and the other is subject of free competition. So you can get the best of both worlds, capitalism and socialism. If you want to compete for the other portion, you can. If you don't want to compete (and be dominated by people who do compete), you live on the basic income.
Not easily, I'll admit. We've been working for so long at dealing with scarcity that when presented with abundance we don't know what to do.
I'm at least glad that people are at least starting to understand that our economic system while better than it's predecessors by a mile, should be improved.
This kind of question is better answered piecemeal, like how do we get the homeless into one of the 4-5 empty homes per homeless person, or how do we avoid throwing away 40+% of the food we grow? Correcting horrific market failures like this is a wonderful way to start.
Effectively, it is splitting of fruits of economic production into two portions. One portion is redistributed to everybody, and the other is subject of free competition. So you can get the best of both worlds, capitalism and socialism. If you want to compete for the other portion, you can. If you don't want to compete (and be dominated by people who do compete), you live on the basic income.