Btw, I have listed the reasons why things are currently failing in the West.

It would have to be extremely state-regulated capitalism (because of people like Musk,Bezos,Zuckerberg etc for example).

But above all: taxes! So on the rich. (So that taxes are distributed more fairly and, above all, the working class is relieved. In other words, taxes should go up and not down.
So that knowledge is not poached from friendly countries through low taxes. So that the state itself earns financially, which could ultimately be distributed fairly)

Democracies should be able to protect their own form of government... but they didn't think about that when they were founded because everyone was happy about the positive outcome. So our democracies are under attack from within. ( So that the far right or far left can't take over. Or can be destabilized by external influences. )

Above all, America should regulate tech companies more. ( No spying on citizens and such. No mass theft of intellectual property etc )

Tax havens should be prevented, etc( Because it enables tax evasion and other negative effects)

It just needs to be protected from abuse. Private individuals should never have too much money and therefore automatically power. ( Well, we can see the result if it is not protected in America. )

For example, I didn't say a word about citizens holding power over the state. (Which of course should be the case)