Only if you can replace it with something like a free market. That takes a political will that can overcome the factions vying for government largesse. Do you see how it can be done?
Yes, we can start with your tagline and rebuild from there.
The free market isn’t just a good political idea. It is a natural force. Remove artificial, top-down pseudo-markets, and natural, healthy free markets will reappear by themselves. It’s like gravity. You can play at defying it, but in the end gravity, and free markets, cannot be avoided. The only alternative is cooperation. Marx is fiction. Adam Smith is reality. In the end, reality always wins.