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There's no defending what Is against a socialist utopia, because the latter doesn't exist.
There's a spectrum out there between absolute free market, and a planned economy. Regulated markets fill the entire space in between.
More regulation doesn't mean taking away the right to private property, it's just shaping what sorts of things a market can do, and encourage them to produce different results.
No reason to go to full-on social darwinism, we can skip to the selective breeding stage of market economics, and try to drive the results where we want them to go (based on Democratic processes).
He always speaks in broad generalities; would it kill him to throw out some examples or some specific hypotheticals?