discussions like this tend to be polarizing because each possibility is flawed. There are problems with capitalism, and there are also problems with socialism.

Rational decision making starts with the acknowledgement that there is no perfect solution, and then proceeds to weigh the pros and cons of each so the least cost, max benefit approach can be pursued.

Historically, capitalistic societies tend to produce the highest standard of living for the most people. Compare the standard of living between North and South Korea, and it becomes apparent pretty quickly that the South Koreans are living better than the north koreans.