I’m not exactly making an argument for Soviet-style central planning. In a way, the system we have is its own form of central planning, except those with the power to do the planning are people like Zuckerberg, Musk, etc, and there is not even an illusion that they have any duty to serve anyone but their (also wealthy, but slightly less so) shareholders, participating in an increasingly irrational stock market.

The beauty of capitalism is that collective market forces determine the allocation of resources, but is that really what we have when certain individuals reach escape velocity of wealth and are no longer threatened by the natural selection of the market?