Not a hobby, but a duty. I lived under both systems and I do not wish the horrors I’ve seen in my youth onto my children. Although at this point, it’s probably unavoidable. It seems that some lessons can only be learned by experiencing them, no warning is ever enough: Russia, communism.
Yes, now ask someone from a nordic country about how best to balance capitalism with regulation and social safety nets. I think you'd get a very different answer.
Step 1: start with a vast reservoir of oil revenue and a culturally-homogeneous population
I must have missed the fact that sweden, denmark, and finland had vast oil reserves. Also Sweden's population is now ~ 20% immigrants.