Do you understand the meaning of the word Socialist ?????????
A socialist is one that supports an economy of 'equality' by forcing people to give up their wealth for redistribution to the 'disadvantaged' by their 'betters'.
A socialist is a thief.
Socialism comes in three major forms:
Fasicsm: or government manipulation of markets.
In this form, government dictates rules by which they decide how to run a business that is still owned privately. The owner(s) has less and less say in how to run the business. Government begins to dictate what they are allowed to sell, who they must buy from, the price of their product, the hours they are allowed to conduct business, who they must hire, who they must fire, etc. The owner, who took the risk of starting and building the business has less and less say on how to run it.
Fascism is but a stepping stone on the way to...
Communism: or government ownership of markets.
In this form, government now takes ownership of the business. The owner has now been eliminated. The business is stolen outright.
Eventually, you reach...
Slavery: or theft of labor itself.
In this form, the owner is now nothing more than a slave. Along with others they are put to work in the businesses the government owns. The owner, along with others, has lost his freedom completely.
The reason socialism never works is because government doesn't understand the business or the market they are taking over. They have no incentive to learn it either, since they do not need to make a profit. They just raise taxes to pay for the ill-gotten venture. This is part of the conversion to slavery. Government run businesses produce products that aren't wanted at the time, and fails to produce products that are wanted at the time. In the end, they don't care. They don't have to because of taxes.
Socialism is theft.
Only capitalism creates wealth. Socialism indeed REQUIRES capitalism to have something to steal from. Once socialism runs out of places to steal from, it collapses.
And finally...
Capitalism: the only economic system that is NOT socialism.
This type of economy is based on one simple concept: The voluntary creation of products and services that are voluntarily sold at the agreed upon price (price discovery). Under capitalism, the seller of course wants the highest price possible. The buyer wants the lowest price possible. Somewhere in the middle they come to an agreement. Then, and only then, does the transaction take place. Thus:
* Capitalism is self correcting. If prices are too high, people stop buying. If prices are too low, profit suffers. Profit is the lifeblood of any business.
* Capitalism is efficient. Successful businesses are successful because they provide products and services that people actually want. If they don't, they won't be in business long!
* Capitalism is the ultimate equalizer. Literally anyone can play the game of capitalism. Capitalism itself is service to your fellow man. All it takes is the initiative to play the game, poor, rich, or in between. It is the best way for the poor to enrich themselves.
* Capitalism requires no overlord. No government is required for capitalism to work. No one needs to manage it, since it is self correcting. As markets change and human desires change, businesses must change with it, or die.
It is capitalism that literally built whole cities out of the wilderness. Government came afterwards, at first to handle petty thievery and later to provide a community voice for defense and community improvements such as better roads or water supplies and/or a sewage and drainage system. Government was never meant to own or manage any market.
It is capitalism that made the personal vehicle a practical reality.
It is capitalism that created the personal computer market, the web, AI, and the server farms that provide these services.
It is capitalism that is addressing in very practical ways the power needs and cooling needs of these server farms.
It is capitalism that created the lithium ion battery technology in the 80's, and the EVs. Forcing people to buy EVs is NOT capitalism. That is fascism.
It is capitalism that created the combine harvester, the tractors and trucks, the fertilizer and other chemicals used in farming and ranching. It made food cheaper and more available than ever before.
It is capitalism that improved the production and reduced the price of quality steel until it's seen and used everywhere.
It is capitalism that created the entire petroleum industry, including the production of gasoline, diesel fuel, bunker fuel, tars, and useful solvents like MEK, acetone, and butane. Capitalism also produces turpentine, linseed oil, many glues and adhesives and sealants, etc.
Socialism created nothing. It only steals from others.