I am asking this question, because there does not seem to be a modern logical solution.
I hear a lot of people say that socialism might solve a lot of problems, but I don’t think it has any practicality.
Looking at jobs hiring trends, a lot of businesses are almost stopping their hirings, in favour of investing in automation. Which means 5-10 years down the line, “worker owned” might be closer to fiction.
AI is replacing a lot of jobs now and while the trend that new technologies create jobs, I think that jobs might come after 15-40 years.
Are humanity hopeless?
“How do we get out of this well? I don’t think ropes have any practicality.”
If you want to control the allowed extent of suffering, you need a government that attempts to do so. There is no alternative. Social programs and regulations are what keep us safe from greed, nothing else.
OP asked the question but doesn’t want the answer.