nor is rent control

Neither is automatically disastrous. For example:

Countries like Sweden, Denmark, and Norway utilize a blend of capitalism and socialism (often called "Social Democracy"). They combine free-market enterprise with expansive social safety nets.

Spain is the world's largest worker cooperative. It operates successfully by pooling ownership and keeping executive pay proportional to worker wages. Germany’s "co-determination" model gives workers seats on corporate boards, fostering labor harmony and strong manufacturing.