Socialism vs. Capitalism

I hope both of us finish this debate as winners. Definition:Socialism: According to the Merriam Webster Dictionary Socialism is " any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods. "Socialism could also mean "a system of society or group living in which there is no private property. "Socialism could also be defined as "a system or condition of society in which the means of production are owned and controlled by the state. "[1]: . http://www.merriam-webster.com...Capitalism: According to the Merriam Webster Dictionary Capitalism is "an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market. "[2]: . http://www.merriam-webster.com...Arguments:I won't necessarily say that capitalism is weaker than socialism. No, what I am trying to say is that if the United States gains good socialism (not a Marxist type) than we could live much better and freer. Capitalism is not a political system:According to Jude: "The distinction is extremely important, for it frees supporters of capitalism from having to defend it as a caring or compassionate institution, which it is not. It is coldly mechanical (3). "People who support the market consider capitalism to be a political system. Well, capitalism is not a political system; it is more of an economical one. Jude says, "What must any system accomplish? At the core, it must provide a method by which its smallest constituent unit, a household, can save the surplus of its day’s work for the day when it cannot work (3). " Capitalism does not help society by giving away their money. Even if it does, Capitalism will not be enough to rebuild a town after a cataclysm or support and scientific research. Yes, Capitalism does that, but it does not support the whole unit. Capitalism puts money at risk. And when we deal with money, their will always be thievery. [3]: . http://www.forbes.com...Socialism is much more sensitive towards wealth and civil wealth equality (don't know how else to put it):With socialism it will be possible to raise the minimal wage and provide a better health-care system; it will always be about sharing and supporting each other. Jude says,"a breakdown in the system of financial intermediation — the ability of the market to finance the exchange of relatively simple tasks, because of the risks attached to a floating currency and almost confiscatory taxation of capital (3). " [3]: . http://www.forbes.com...Capitalism is all about power while Socialism is all about personal and public freedom:Jude once described, "Capitalism did not fail in the Great Depression because profit was burdened with social concerns. It failed because the capitalist ruling class saw an opportunity to increase its profits by an increase in the protective tariff— using its political muscle to push Smoot-Hawley through the Republican Congress and persuade President Hoover to sign the legislation. This was a blatant intervention in the market, not for the usual purpose of increasing government revenues, but to engineer a social outcome desired by Big Business (3). " It has been proved that Wall Street is the main problem in the market. Money is continuously rising and falling, and the people who lose it are middle class family investors.