So we get to elect someone that disregards the law and centralizes power. This will still be inefficient and cost us many freedoms. In most countries in Europ

So we get to elect someone that disregards the law and centralizes power. This will still be inefficient and cost us many freedoms. In most countries in Europe, for example, it's nearly impossible to start a company without lots of capital. This is because of the crippling amount of taxes and restrictions, which results in an economy comprising of near government and big corporation monopolies. You can see this in most of the nordic countries. The problem with going the socialism route is that the system will need to take more and more income as new generations completely rely on it. At some point, you don't have enough money to fund it, and it collapses. With the ability for any company to move to any country, there is also the real possibility that companies will just go elsewhere.