Thomas M Hanna has this interesting post about the alternative if we reject the mythical ideal of the “free market“
The free market utopia is in fact a banana republic, an individualistic Randian society in which a small group of extremely wealthy individuals, hidden away in gated communities and protected by their disproportionate influence of key functions of the state (the courts, political parties, and so on), control the vast majority of productive wealth and property while the rest of the population is forced to fight for an ever shrinking share of whatever scraps are left on the table.