Comment Re:It's the monkey suits, man (Score 1) 173
Socialism works if done correctly and capitalism works if done correctly.
Socialism does not scale very well. At the core, it attempts to set up a mechanism to control supply and demand (of jobs, goods, money, resources, etc). This can be done in a small, tight-knit community where every member has the same goals and ambitions. But expand the community to a country, and you'll find people on every end of the demand and supply curves - some want to work 90 hours a week and drive a Land Rover, others are content being on welfare and having no boss. No amount of government planning and control can take that into account.
Capitalism and free markets have their own set of problems, but at least they're not impossible to solve.