The other systems tried during periods where capitalism had periods of recession or depression, e.g. communism and varying degrees of state controlled socialism in a general free market environment, have led to stultified bureaucracies at best and mass terror at worst.
However, at some point a *major crash will come which will make 1929 look like a picnic. Nobody knows when or how of course, but it might possibly be the massive money printing/debt mountains that is the current economic situation, a collapse in China setting off a world economic cataclysm or something else. But, come it will.
* "During the Next Financial Crisis, Entire Countries Will Go Bust" LINK
At that point, given that money printing will have been the cause printing money will no longer be the salvation. War of course has worked in the past but that was before nuclear weapons made mass warfare a lose/lose situation so it would seem that avenue is closed.
The "Eastasia has always been at war with Eurasia" Big Brother scenario would have worked up to the mass information age but "the proles" are wise to any "War is Peace" statism.
The way forwards to a balanced, just, peaceful society based on competitive cooperation would be the only sensible economic and social structure and that structure is syndicalism or the cooperative movement.
Syndicalism (not anarcho-syndicalism which is a recipe for disaster) is, simply put the restructuring of society on a cooperative basis.
It is of course a fantasy to imagine an America where industry is organized on a product basis in the current environment. It is not in peoples nature to move away from the idea of individual ownership to co-operative joint ownership, and rightly so.
Again, this could only come about following a complete and devastating collapse where even the most individualistic would accept that a new ordering of society is required.
This new structure would envisage, for example all car manufacturing or steel making industries being under one umbrella.
The entire, say, car industry would be entirely owned by the workers including all levels of management. All profits, and to work that element of capitalism would have to be retained, would be divided up amongst the employees with a dividend to the national government.
"Government would come from elected representatives from each element of the national economy ensuring that government was connected to the real life of individuals and the real economy.
A strong level of consumer driven demand and competition would also have to be retained to prevent the bottlenecks,"planned demand" corruption and bureaucracy which state controlled economies create.
Workers' councils combine to elect higher bodies for coordinating between one another. This means that the upper councils are not superior to the lower councils, but are instead built from and operated by them. The national council would therefore have delegates from every city in the country. Their nature means that workers' councils do away with traditional centralized governments and instead give power indirectly to the people. This type of democratic order is called council democracy."
A review of syndicalism, in various guises and under extreme considerations in revolutionary Spain is an interesting overview of the concept. What stands out is that even under extreme stress if peoples aspirations for a better life created through their own efforts and in cooperation with others is allowed to be expressed and is nurtured than anything is possible.
"Revolutionary Catalonia"
"Although there were early issues with production in certain instances, however, numerous sources attest that industrial productivity doubled almost everywhere across the country and agricultural yields being "30-50%" larger."
This Spanish example is by no means meant as a template, far from it, but elements of it are most certainly required if and when the modern age with its advanced technological and communication capacity requires a revolution in the human soul which, post a cataclysmic collapse, will usher in a real economic liberalism and an advanced age in human relations.
A broader introduction to Syndicalism/workers control/co-operatives can be found at theses articles:
"Syndicalism"
