The problem with capitalism is it is very wasteful of resources because of the asumption of endless supplies of everything
IT also assumes that consumers and producers are equal and there is a limitled supply of both.
Then there is the assumption that "The market is informed "
Tried to wade through phone contracts or decide which bank to use ?
So it can work well if there is a good , strong referee that used to be the government, but that does not happen now days
Socialism works well if the government is both strong and fair but again that does not happen either
Both systems would work well if they were run by computers that can not be corrupted or swayed by offers of apartments in Miami or bags of cash .
And while you are sort of correct about Lada's, they are quite easy to work on get great fuel economy but suffer much in the area of creature comforts.
I have a Russian friend who drives nothing but Ladas, all of which are now pushing 40 years old .
The counter arguement to that is ever tried to have an operation in New York without having to sell you house & bankrupt your family ?
A photographer ex-customer of a different business was running a tourist business out of New York for his pregnant friends.
They could fly to Australia have a 2 month holiday , have the baby, spend 2 weeks post birth here then fly back to New York for less than the cost of giving birth in any New York hospital .
More veterans die in the USA because they can not afford medical treatment than have died on the battlefirlds
Eventually Medibank cotton on to what he was doing & I think either they or immigration closed down him down.
The planet is now suffereig from uncontrolled rampant capitalism on one side wasting massive resources to generate land fill .
And on the other side polluters are allowed to pollute unchecked because of lax environmental laws
We got away with it for 50 years but now it is coming back to bite us on the bum
Expect a lot more tornadoes and hurricanes and ecah year you will be hearing that the storms that year have eclipsed all previous records .
Every year there is record floods ( Pakistan this year, Germany last year, Australia last year ) some where and record droughts elsewhere