The best system by far in terms of human health, happiness, education, and so on is social democracy -- a mix of free markets and central planning; private and public enterprise.
I think mixing this in with Judy's water seeks it's own level thing - one of the best parts of a Capitalist system is that it rewards risk taking. We want people to take risks and start new ventures!
However - in the US we actually *discourage* that to some extent. Look at a couple of the richest people in the world. Gates, Zuckerberg, Musk, Bezos. They made major bank and created a lot of jobs and wealth by starting up companies. Risk takers!
All four of those men had huge backstops. Gates and Zuck dropped out of Harvard to start MSFT and META. In order to drop out of Harvard, you have to be at Harvard to begin with. Each of those guys had family money behind them and if their ventures didn't work out, they could just go back to Harvard. They were connected in a way that it would be easy to raise venture capital and be paid a salary that pretty much matched what they could have gotten otherwise.
Musk had a lot of family money, more than those two. Bezos was a Senior Vice President at a hedge fund and had accumulated a backstop plus had family money, they put 300k into Amazon (and his wife also had worked at the hedge fund).
None of them were going to have huge problems if their ventures failed.
Now, there are definitely some people who took some risks that turned out who had smaller backstops, and some who took big risks and cratered. But there are a *lot* more people - myself included - for whom taking a huge risk makes no sense. Even before the recent ridiculous runup (RRR) I was pretty comfortable. Given that position, jumping off to start up some entrepreneurial venture might make sense when you look at my bank account and prospects if I decided to return to a big company - BUT puts me into a bit of a bind with respect to one key issue - Health insurance.
If we want an aggressive capitalist system that really incentivizes the taking of risks to grow our economy, we'd put in a comprehensive national healthcare system so that you know - if you jump off the ledge, you might lose your money and have to start over, but if you get cancer in the meantime, you can actually get treatment.
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