Capitalism: part II

I would like to strike back at your last comments from our last debate. This time, please carry on an intelligent debate. I would like to fire the opening shots. You wanted the good points of Capitalism, well here they are (they are not all of the good points). Along with them, I also have some attacks on socialism. Defense Point 1: Capitalism allows for the vast majority of people to live comfortable lives. It allows for the free (as in the right to) growth of wealth. Defense Point 2: Capitalism allows for the consumer to ultimately decide, what products should be produced and how many products that consumers will buy. Then the market sets an equilibrium price that allows for the consumer to one, shop where prices are cheaper, and two, get a say in what a particular price should be. This efficient system allows for shortages and surpluses to be eliminated in a timely fashion. This system allows for the consumer to decide what he wants. Defense Point 3: It allows for the country's economy to grow, thus increasing both consumer wealth and business wealth, which in turn allows for consumers to buy more of the products that they want and the businesses to make more of the products that consumers want. Defense Point 4: As consumers and businesses get more money through overall economic growth, this allows the businesses to pay higher wages to their employees, which allows their employees to buy more products from companies, and the cycle constantly repeats with businesses getting richer and more successful and consumers to get richer and to get more of the products that they want. Defense Point 5: It allows for the poor to help their situation by allowing them to choose which job pays the most, which increases his wealth. Attack Point 1: In most socialistic countries, most of the people are in poverty, and are not free to grow wealth for the government sets a maximum amount that people can save, and just tax the rest. Attack Point 2: Socialism only allows for the Government to decide what is produced, how much is produced, and at what price the products will be sold at. This means that consumers have to take what the government gives them, and they may or may not end up with the products that they want or how many of that product they can buy. This in turn makes shortages and surpluses rampant. In most countries, the price of essentials is too high, and the number too few for the efficient transfer of resources, which makes poverty. Attack Point 3: Neither consumers make much more money, for the Government taxes it all, and the businesses are not allowed to make profits, the profits go to the Government, which does not let the business expand and grow, and the businesses can not keep up with consumer demand. Attack Point 4: Since businesses aren't allowed to make a profit, businesses can not increase employee's wages, which in turn, can not cycle more money into the business. Economic growth is cut off. Attack Point 5: Since most employees are stuck at the same job most of their life, only a Government motion can increase wages, since the employee is not allowed to look around for higher wages, nor can the business make profit which in turn. the business can not increase wages. And that Government motion comes rarely.