Go ahead, plan my Christmas Eve. What time I wake up, what time I leave the house, which routes I take, what things I buy. Assign the kWhs of electricity and liters of water and fuel that I'll use up, plan ingredients for my meals of the day.

The belief that a central "digital planning engine" could plan the lives of an entire society is an incredibly naive idea from early cybernetics. This doesn't work even in small thought experiments because of information limits. No central system can access all the local knowledge and constantly changing circumstances.

Free market economics is working great for the vast majority of people. Median living standards in capitalism countries are higher than ever. Regardless of ideology the data is quite clear on this point.

Where are you getting this data? Does it include the USSR and China? I bet it does.