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In terms of successful economic systems I feel they've gotten there by evolution rather than revolution - but I'll also happily admit I'm no economist.
On the other points I think we're there or thereabouts on the same page. There's a great behind the bastards series on Jack Welch Part 1 and part 2
It was pretty revelatory for me as to why everything feels like it's going down the pan. I'm not a "the past was better" type in general - but in this specific instance I definitely am. Feels like the social contract isn't being held up by both sides. The reason the US got so good at stuff was investment in people, now it's mostly a quick grift and memories are short. People are genuinely convinced this is the way it's always been - I was the same until I listened to those episodes.
Hard to see a way back, CEOs are judged on stock price and will get turfed if they try and do the things they need to be doing to make this better (not defending CEOs here - pointing out there's no incentive for change).
I could rant and it's getting late, but what's the real tangible feasible pathway we start working towards?