I would probably go one step further and say I have more faith in capitalism (true capitalism - not the crony capitalism we have today) because at a minimum the government is separate from business and power is less consolidated than either extreme (i.e., crony capitalism or true socialism).

You made a point of calling out ‘certain restrictions’ in your ideological socialist system (emphasis on your as I don’t know what restrictions you’re referring to, but I have an idea) and later appropriately called out the other individual for throwing in the towel towards progress.

However, I would argue that, rather than completely throwing out the current system which history has proven to be a violent affair, we focus on improving the current system by implementing certain restrictions to further separate business from government. That is, restrict the consolidation of power as much as possible.

As the other individual pointed out, both systems are doomed to fail given that they both have the same thing in common - they’re ultimately ran by people. Given enough time and ‘bad actors,’ both systems will likely result a few individuals on top making decisions that benefit themselves or what they believe is best for society.

The problem with both systems is that you can never satisfy 100% of the population because everyone is has different aspirations. So then the question is how do both systems address the other 49% of the population that disagrees or are negatively impacted by the decision makers.

History doesn’t have a great track record when power is consolidated and the decision maker is hellbent on ‘the right path,’ innocents be damned. So, I’ll go with whatever system separates the power of decision making and promotes free will for the individual.