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2. Install some sort of "Bread'n'Circus" welfare society built on imperialism and cloth in some "progressive" ideology (likely).
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Indeed the most likely option in my opinion too. Actually, we already see this tendency forming, if we observe the concept of the welfare state.
However, the capitalists will never give the underclass more crumbs from their table than they have to, nor does capitalism produce more than is profitable. Therefore as long as capitalism exists, so will an artificial and unnecessary state of material scarcity for the vast majority of the people.
We wont see a truly equal society, as long as the price system is in place.