"Someone has to manage the investment of all resources, Jim,"
An elected and answerable government can do this as well as those whose entire reason for being their is self interest.
It began to happen in 1945 and petered out when the politicians and Trades Union leaders were bought into the system.
You don't put a chocoholic in charge of quality control of a chocolate factory.
"You wish to see living standards rise for ever."
It has never been like that, it is a matter of stopping living standards falling, as they are at present to an incredible degree across the board - go look at the rising gap between haves and have nots.
Jim Carrill