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The Difference Between Socialism & Capitalism...

Webster

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..remind me again which system is better? :| :| :|
 
There are pros and cons of both, and quite obviously capitalism can be just as bad and vice versa.
 
Well Socialism has not one redeeming quality, and lets have Ayn Rand speak further on the matter.

Socialism is the doctrine that man has no right to exist for his own sake, that his life and his work do not belong to him, but belong to society, that the only justification of his existence is his service to society, and that society may dispose of him in any way it pleases for the sake of whatever it deems to be its own tribal, collective good.

It only stands to reason that where there’s sacrifice, there’s someone collecting the sacrificial offerings. Where there’s service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master.

Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter.

Capitalism is the only system that can make freedom, individuality, and the pursuit of values possible in practice. When I say ‘capitalism,’ I mean a pure, uncontrolled, unregulated laissez-faire capitalism – with a separation of economics, in the same way and for the same reasons as a separation of state and church.

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