At most the government should be a regulator to make sure monopolies and oligarchies don't form in a free market system; equality opportunity (but not equal outcome) is everything, and we've drifted away from that. Socialism isn't the answer (at least not in a bigger country like the United Sates), because the population isn't racially or culturally similar, and also human nature goes against the very concept of socialism, communism, etc.
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