Are there current issues as well? [1][2]
A main point is this (and I think its been mentioned elsewhere in this thread as well):
An attack on the status-quo is not a promotion of socialism
Our current implementations are a far cry from a free market. The entrenched powers and corporations don't want free markets-- its socialism for the rich, capitalism for the poor [3] [4]
We'd have to start from scratch to attain a free market. And even then, the oft-quoted invisible hand of competitive markets falls flat in an increasingly opaque, complex world [5]
It seems to me that you have a strong sense of what is fair. I urge you to look out into all the wealth of information we have and take a hard look to see if our current way of being is fair [6][7]
[1] https://poverty.umich.edu/research-projects/policy-briefs/ri...
[2]https://www.imf.org/external/pubs/ft/sdn/2015/sdn1513.pdf
[3]https://en.wikipedia.org/wiki/Emergency_Economic_Stabilizati...
[4]https://www.theatlantic.com/business/archive/2016/07/social-...
[5]https://en.wikipedia.org/wiki/Efficient-market_hypothesis