I suggest you watch the YouTube clips that I posted on this thread, it will take you less than 10 minutes to watch them all.
If workers are underpaid, then it will lead to under-consumption of resources therefore flowing onto failing enterprises. If workers are overpaid it can lead to great financial instability with lower productivity and higher operational costs therefore flowing onto failing enterprises. The free market guides our economy. Socialism always fails because it takes the freedom away from the market.
Capitalism finds equilibrium with democracy over significant durations of time.
As for your comments on State power, it is of concern. You are sounding like many former socialist dictators. The primary responsibility of the State is to ensure the protection of its citizens, this is why we primarily pay tax and this is why we have a government.
