He’s not wrong, IF companies were worker controlled by law. Like a cooperative. Workers would enjoy their work more and would want to work more if they had agency. We are supposed to be a democracy, so why don’t get workers the right to vote on who their managers are, what to do with the profits (after paying back loans) and how many working hours there should be?
Imagine if you’d mandate that even shitshows like fox news were suddenly worker controlled instead of by incorporated demons of greed. Workers generally want to create a good product and make customers happy, and in the case of news agencies they’d want to inform their readers well.
The thing is that capitalism is incredibly INEFFICIENT in providing value to society. In a planned economy you could (theoretically) have rational though to maximize benefit for all - in capitalism it’s just grow grow grow. That is why we’re digging so many superfluous ditches. How many roads, how many ditches could be spared if we just build less idiotic sprawling suburbs? If we had a rational, democratic and semi-planned economy?
There is this study that we’d only need 30% of the energy and resources we currently use to provide decent standards of living for every single person on earth.
Of course you’re right, just “doing socialism” won’t get us there easily either.