Exploitation disappears with competition or is at least brought to a minimum. It is unfair to compare socialism with good people against capitalism with villains. The same standars must be used to compare the two systems. France under socialism flopped. The same Mitterand who nationalized went in for privatization.
Political stability has nothing to do with economy.
Italy has seen 56 govts since WW2. Che Guevera fighting against a despot is a hero. George Bush fighting against a despot is a villain. Such is the power of socialist propaganda.