“liberty without socialism is privilege, injustice; and socialism without liberty is slavery and brutality.' Mikhail Bakunin
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The current productive apparatus already produces much more than is necessary to take care of everybody's needs. Which means we could do degrowth, egalitarianism, and improve standard of living for everybody at a fraction of our current output. The free market is a kind of planning, its an inefficient one that delivers profits to owners and corporations and stockholders. While creating monumental amounts of waste.
The means of production are ripe, maybe beyond ripe, but the class of workers has to seize them for mutual benefit.