I went searching through the forums and was surprised there wasn't a threat actually about this specific subject (though whenever there's a discussion of politics it seems to find it's way in... like a ninja ). I could probably type about this for hours and get a whole books worth of what I think so I won't bore you. What do you think? Is capitalism better? Socialism? Are they both bad? Are they good together? Bad together? What? PS: This is a discussion on the economic positions of these two ideologies, but socialism is also a political system. Please avoid the political aspect unless it directly relates to economics. It's not about Mob Rule (aka Democracy) versus Worker Rule, it's economics. I prefer a mixed economic system with a lean more towards capitalism than socialism. Capitalism is the more flexible of the two system, with a stronger ability to survive crisis and change, but also suffers from a wide degree of instability with unavoidable highs and lows. Socialism, on the other hand, while stable and more equitable, is less flexible and it only takes a little nudge to knock down the cards. I prefer a system with survivability over stability, as a collapsing economy is worse than one in a slum or depression. At the same time though, a little bit of incorporation of stabilizing factors from Socialism mixed with the flexible Capitalist system can improve stability and equity without outright destroying the systems ability to grow and survive.