A system where PROFIT is the drive and only motive, cannot exist without taking advantage of others. But, is there a better alternative that can be pragmatically applied, given the size of the human population, demographics, etc.?

No, it's not possible.

How much poverty is there in Benelux, Scandanavia, or Finland?

It is if every non-western state’s economic immigrants are constantly infiltrating your borders, taking entry level jobs at desperation wages while consuming the social safety net designed for those who built the nation…