"Why aren't there hordes of economists studying meaningful alternatives to market capitalism? Because we've been experimenting with various other systems--both localism and extreme centralization--for over a century, and the experiment produces the same damn result every single time: human lives that are nasty, brutish, and short. . . . The idea that Chicago should scuttle the Milton Friedman Institute because it makes other professors unpopular with economic illiterates is shameful, and moreover, something that I presume few of these 'scholars' would tolerate if the ignorant were targeting their own fields. That this should be coming out of a university with Chicago's reputation for intellectual rigor is mortifying."
Socialism was tried at the Jamestown colony and it failed miserably. When the rules changed and the settlers worked for themselves, though, hunger ended almost immediately.