Huntn00 on Nostr: I’m not an economist, but my impression is the Capitalism mechanism could still be ...

I’m not an economist, but my impression is the Capitalism mechanism could still be there, but its worst aspects would/could be controlled via taxation.
Post WWII, the top tax rate was 90 something %.
However by no means am I selling Capitalism, just speculating on how we could transform our current system and avoid an economic breakdown. But a breakdown might be required to provide adequate incentive. 🤔