I am coming from a socialistic state in Europe. I think that we need an institution like a city or a state which provides something like roads. These are big projects with big budgets and they serve a lot of the nation. It would be prety hard to manage and get individuals to settle on a solution and gather all the money.
Then the eu forced the gsm operators, that in all europe we shall have same prices, no matter from which country to which country you call inside eu. That on the other hand is a convinience and not a neccesety.
I think that socialism in europe needs to be rethinked.
Since 2018 i am learning about bitcoin, and thus also learning about open market.
I think that socialism is the scaling solution for labor specialization. If we did not have socialism, we could not have so much specialization. Every country needs a bit of socialism, a bit of money put into the necesities that small groups of people would have a hard time to manage.
At the same time i think, that with the advancement of automatization, we would need to consider some form of UBI.
The balance of socialism(ubi) and free market will be a global debate in the coming years with the rise of AI use. It seems like the AI era will be shaking the labor market a lot.