Capitalism is the best economic system.

Thanks for making the debate. As BoP is shared and there is no format for rounds, I will get right into it.OBJECTIVE COMPARISONHypotheticals are hard to study objectively. The socialism that almost every socialist in Western countries would like to implement is far different from the authoritarian style implemented in China and the former USSR. However, even using this backwards form of socialism we can see that they are better at delivering greater quality of life.To do this, we must make a comparison between nations. Such a thing is hard to do as to accurately make a comparison, countries should ideally be identical in every way except for their economic ideology - with similar populations, GDPs, levels of educations, levels of technology, endowments of natural resources, etc. Hence many examples, like comparing the USA to the USSR is like comparing a 20 year old American to a 90 year old in Russian speed and acting like when they win it's down to nationality rather than age.Thankfully in his work Hunger and Public Action[1], Nobel Memorial Prize in Economic Sciences winner Professor Amartya Sen made the point that India and China make excellent tools for comparison - so similar were they at the point where they each took a divergent ideological path. As he points out, even compared to the autocratic path China took India is far worse in terms of the indicators looked at such as excess mortality. Indeed when we look at the UN's human development index[2] (Which measures quality of life, we can see that despite their original equal starting point China has overtaken India and has become a country with high human development while India has only reached medium human development.In one of the only actual solid examples we have available to measure different ideologies, even one of the worse examples of Socialism comes out ahead of Capitalism. Therefore Capitalism is not the best economic system.CAPITALISM IS INHERENTLY MURDEROUSThe cost that often isn't counted in Capitalism is the inherent death, with millions of people needlessly dying each year.Unicef, for instance, gives the figure of six mill ion children who die from causes which are not only preventable but preventable at low cost[3]. The World Food Programme cites 3 million children dying each year from malnutrition[4] even though the world currently produces enough food to keep everyone fed[5].The issue is that the goods available are not allocated in an optimised way. It's no conspiracy, it's just a result of Capitalist forces driving people towards anti-societal goals. Why should a medical research company spend money developing drugs for poor people who can only buy a pittance when they can spend the time and effort developing baldness cures for rich people? Why do food companies spend time and money selling a 38th different variety of chocolate cookie in the USA when there are people starving in Ethiopia? It's not hatred or malice or racism. Their job and their duty to their investors demands that they go with the most profitable option. The Capitalist system sets up a series of inventives and drives which direct companies to produce and allocate good in a fashion which cause millions upon millions of children (not even counting adults) to needlessly die.While any nation under any ideology can fall prey to a strongman dictator, it is in Capitalism where this is an inherent part of the system. Capitalism has never managed to go a single hour without the inherent nature of the system killing people en masse. It is immoral and causes massive needless suffering due to its defining feature of pursuing the profit motive. it is therefore not the best economic system.Indeed, pre-empting an arguement from PRO I will point out that Chomsky's analysis of the situation shows that the norm for Capitalism is worse than the worst aspects of the Soviet and Chinese regimes in terms of death and killing.[6]INEQUALITY Looking historically, we're pretty much at record levels of inequality and while it's possible that inequality might be starting to decline - if this is occurring to will actually due to the disproportionate effect one particular non-Capitalist nation (China's) rising equality has on the overall world level[7].Marginal utility describes the use that people get from commodities and how this decreases with the more commodities they have. Put simply, a billionaire who already has 10 homes gets less benefit and utility from an extra house than a homeless person does with their house. [8]Capitalism is a system where people's wealth and income is not tightly regulated or limited. there may be some constraints, but for the profit motive central to it to work these must out of necessity be fairly loose. Capitalism therefore distributes wealth in an inefficient way which does not maximise utility compared to economic systems like socialism that do take this into account.Best in this topic is defined by "creating the best quality of life for the most people". A high inequality, which Capitalism has delivered in record levels, provides the worst quality of life for the most people. By the stated definition, Capitalism cannot in any way shape or form be considered the best economic system.THE ALTERNATIVEWhile it isn't necessarily my favourite version of socialism, probably the conceptually easiest to understand and one that is superior to capitalism without being scary and requiring anything very revolutionary is market socialism[9]. Under market socialism, businesses are still competitive corporations ruin for profit. The difference is that the owners are the workers rather than investors.While this has some of the same downsides of Capitalism in some areas such as relying heavily on the profit motive and therefore optimising production based on what makes the most money rather than what brings the largest societal gain. However, it's flaws are smaller. As dividends go to workers, they receive a higher income. This equalises income to a large extent and lessens the problems with marginal utility. Additionally as this would apply to workers in developing nations, it also helps with the allocation of goods and reducing needless mortality as it gives poor workers in poor nations greater purchasing power.[1] http://www.polsci.ucsb.edu...[2] http://hdr.undp.org...[3] http://www.unicef.org...[4] https://www.wfp.org...[5] http://www.worldhunger.org...[6] http://www.spectrezine.org...[7] http://documents.worldbank.org...[8] https://en.wikipedia.org...[9] https://en.wikipedia.org...