I am not PP but I think a decent basic income is a good alternative.

Effectively, it is splitting of fruits of economic production into two portions. One portion is redistributed to everybody, and the other is subject of free competition. So you can get the best of both worlds, capitalism and socialism. If you want to compete for the other portion, you can. If you don't want to compete (and be dominated by people who do compete), you live on the basic income.