History stands witness that every extremist ideology is doomed to fail and fade.
Capitalism abuses our most innate human-animal desires; buy more, have more, consume more, get stronger, selfishness is the way to survive, it’s you against the world! One can compare capitalism to modern day slavery, ever since Adam smith came out with the theory of specialization, the value of human life fell compared to money and goods, what smith did was; instead of paying the workers full wages to manufacture the product from start to end, he would assign to them only a small operation in the manufacturing process to repeat over and over again, which meant that the workers were expendable hence minimal wage and harsh working conditions, the same thing is still happening in Nike’s factories in china and coal mines in India, life alongside with capitalism isn’t sustainable sooner or later it will crash, either from the huge and ever-expanding gap between society layers, or from the unreasonable and absurd abuse of natural resources.
Socialism which is a moderate version of communism can be called Robin-hood-ism
the central idea of socialism is “everyone is equal” thinking about it, it doesn’t sound that bad at all, but why is socialism so hated and feared in the west? Well bad luck, Stalin linked the word communism to dictatorship, claiming that he is ruling with communism, even though the concept of a despot who has all the power is totally contradictory with the principal of communism, but the real problem with socialism lays within its basis, Humans aren’t equal, you can’t pay a hardworking man the same wage as a lazy man, just like with robin hood, the people he helps will sooner or later come to the realization that they don’t need to work cause robin will take care of them, think of how backwards a society like that would be.
It is clear that both regimes have their benefits and drawbacks, but none of them is truly good alone I like to think of them as Yin and Yang, the humane side of socialism is paramount, the practical side of capitalism is … practical ! If only we could find a way to combine the two and make hybrid regime, I bet that we would come up with a great way of life, the closest thing we have to that is known as conscious capitalism.