Capitalism vs socialism

This is an excerpt of What don't most liberals realise?

This is what Anarcho-Communism is, in a nutshell, like in reality:

Socialism… Read People will often use Venezuela as an example of socialism not working. But why do we ignore all the examples of capitalism failing, like the major divide between the wealthy and the poor in the US?

Why much of Africa & Latin America are poor:
Kriss Ite's answer to Why do Latin America and Africa struggle to develop whereas Asia was able to do so? What lessons can Africa learn from Asia?

Democratic socialism…
How do libertarians explain the economic success of Sweden and other Nordic countries?
How do the Conservatives explain that the social democracies of Scandinavia (Finland, Denmark, Norway) are the happiest countries in the world and have a very high standard of living?
Scandinavian countries do NOT tax corporations that much (the U.S.A. used to have the highest corporate tax rate in the world). They tax YOU.

Some of them may actually be somewhat more capitalistic than the U.S.A.:
Country Rankings.
But don’t think that their welfare system makes things really so great as they seem on the surface.
Dark lands: the grim truth behind the 'Scandinavian miracle' - The Guardian
Why Denmark isn’t the utopian fantasy Bernie Sanders describes - Washington Post
True or False: Scandinavians Are Practically Perfect in Every Way - National Geographic
Denmark Tells Bernie Sanders It's Had Enough Of His 'Socialist' Slurs | Investor's Business Daily
Sorry, liberals, Scandinavian countries aren’t utopias - New York Post
No, Bernie Sanders, Scandinavia is not a socialist utopia - Boston Globe
Singapore: A Fascinating Alternative To The Welfare State

Long videos for those particularly interested:

Labor unions did NOT create the middle class or eliminate child labor. The two industrial revolutions & the automation that they brought did. What automation does is allow us to be more productive to the point where we have an 8-hour work day with the weekend off & not require children to work (children have always been required to work throughout history). If you were demanding that in, say, the 1860's, people would think that you were crazy, as that everyone would starve with that little work.

When it comes to anti-capitalists (or at least Marxists), I have a feeling that I can go on almost literally forever due to the attitude of unfalsifiability & through the use of continuous No True Scotsman arguments & endless Ad hoc hypothesis.
Our Segment? Ad Hoc Recovery by Sayed Hajaj on Liberty at Large

(28:30)

Taxation:
If not so much of money from businesses were taken by taxes, they could pay their employees more, who could earn enough money to be themselves better off.

Even back in the day when income tax rates peaked, there were many ways to get around it so it was de-facto possible to pay significantly less than the official, on-paper tax rate.

Separation of Business and State Ch 4 So Just Tax the Rich Right?

More Taxes or More Jobs? California Shows We Can't Have Both

Taxation is a factor to prosperity, but there are many others,

Should We Tax the Rich More?

Hartmann: Ban and Confiscate Excess Wealth! (video uploaded by Peter Schiff)

No They Can't: The Cayman Islands

Minimum wage:

Why Many Minimum Wage Studies Are Bogus:

Getting the problem of many minimum wage studies out of the way, today’s concept of a minimum wage really got started to racist Eugenics movement members (no intent to say that Eugenics is always racist) when they wanted able-bodied men to dominate the marketplace, & supported minimum wage to price the ‘less fit’ out of the marketplace. Early on, white racists supported minimum wage to price non-whites out of jobs.
If cigarettes were taxed higher, people will buy them less. Likewise, if employing someone costs more, fewer people will be employed, &/or be allowed to do paid work for fewer hours.

While I have yet to find statistics about black vs white unemployment rates in the early 20th century, I've found the primary source of The Economic Theory of a Legal Minimum Wage - By Sidney Webb.

How Employers Set Wages:

As for price-controls, listen to the video “Disqualified from having an opinion for being the wrong color”:

For those of you who wonder why your employer should receive & control all of the profits:

Some case studies on how minimum wage hurts workers:

5 Reasons Progressives Should Support Economic Freedom | Matt Palumbo

For those of you who want to intellectually challenge yourselves or want to debunk some videos, check out the sarcastically named playlist Screw capitalism & libertarian billionaire corporatism! It sucks! Democratic Socialism is good! Raise minimum wage! Tax the rich! What are fair taxes? - YouTube.

By the way, does anyone find it strange or even funny that Friedrich Engels & Karl Marx, the writers of The Communist Manifesto, were both relatively well off & relatively well educated cisgender White men who are probably straight & Christian (actually, Marx might’ve been Jewish or part Jewish, but I’m not sure about this), the people that much of the far-left (ESPECIALLY the Social Justice crowd & Black Nationalists) today despise the most? More on race & identity politics later.
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5. To add to point 4, capitalism does NOT cause war or imperialism.
First off, capitalism is not the reason why we go to war. Governments declare war, & governments buy armaments needed for war, not the market.

"Democratic peace" may actually be capitalist peace, because you really do not want to go to war with those that you trade with.
A Capitalist Peace?

Even the left-wing, anti-capitalist media outlet AJ+ says this is why China & Japan very probably will not go to war.

Yes, capitalist peace is a real thing.

Besides, true capitalism involves private individuals & entities making voluntary exchanges, while economic statism involves taking taxpayer's money with force or threats thereof & the government spending it on or giving it to whoever or whatever it wants.