Why do people say that capitalism works better than socialism?

I think the best example here is the efficiency of wealth distribution and access to wealth. So which system does work better? It's a false notion to think that capitalism only exists where there is an abundance of capital and as a result, only the rich benefit from capitalism. read more

So when people say capitalism works better than socialism, capitalism is successful even when operating in a hostile socio-economic environment. In fact, capitalism works, survives and thrives on its own with the only allegiance required is the production of a product or service that people want or need. read more

Socialism, in an ideal world, could be considered better than capitalism depending on which perspective you’re looking at it from. If you are the poor peasant, the struggling working-class guy, the unemployed person, then socialism is a positive theory for you because it attempts to bring you on par with the people who do have resources in life. read more

Saying that capitalism is better than socialism is like saying that winning a million dollars is better than being in a high impact car crash. In other words, if you have an open mind, a good grasp on human nature and economics, and a passing knowledge of world history, there's absolutely no question that capitalism is superior to socialism. read more