What's there to address? You're just asserting what you personally like.

The more the capitalists are able to gain power (through making a bunch of money), the more they'll push the government to cut those social services and to remove regulations. The system you describe is viable only to the extent that the capitalists can be kept in check.

Many existing socialist countries (Vietnam, China, etc) have implemented a market economy, as it's necessary to participate in the global economy, and it can be useful for economic development, at least to a point.

I'm not really sure what you want me to answer here.