Why Socialism Is Better Than Capitalism

I am a college student. I study economics. I am tired of hearing my professors telling me that capitalism is efficient and wonderful when all I see is rising income inequality and the rich getting richer at the expense of everyone else. It’s time for a reality check: we need to talk about socialism and why it’s better than capitalism.

Socialism is better than capitalism.

  • Socialism is more equitable. Capitalism allows for a small minority of people to own everything, while the majority of people are relegated to poverty. In contrast, socialism means that everyone has access to essential things like housing and food.
  • Socialism is more democratic: Under capitalism, power is concentrated in the hands of a few wealthy individuals who have access to all major decisions about how society is run; under socialism, power would be equally distributed among the whole population.
  • Socialism is more compassionate: It’s an open secret that capitalism often requires exploitation in order for companies and corporations to make profits—such as paying workers low wages or hiring them on short-term contracts so they’ll be less likely to complain about poor conditions or demand higher pay. Under socialism there would be no such need for exploitation because all resources would be shared equally among everyone in society instead of being hoarded by those at the top tier of wealth distribution (which tends towards oligarchy).

Socialism has proven itself to be more successful at fighting poverty.

Socialists will argue that the policies of socialism have proven themselves to be more successful at fighting poverty than capitalist ones. The data proves this to be true, especially in South America. Communist Cuba has a lower rate of income disparity than the United States. Venezuela has improved its economy through redistributing wealth and nationalizing key industries like oil production to benefit the general population. Socialism can only work if there is a strong central government which controls all major industries so that resources are allocated properly, but this can only happen if there’s a dictatorship or oligarchy in charge—and those aren’t great options either!

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Socialism is better for your health.

In the United States, market-based healthcare has a very clear impact on people’s access to healthcare. People without insurance are four times more likely to die than those with insurance and those without insurance have higher rates of chronic disease and mortality. In socialist countries like Sweden, Norway, and Canada—which guarantee universal healthcare coverage—the difference is stark: mortality rates are much lower while life expectancy is longer in these countries than others.

Additionally, socialist countries spend significantly less on healthcare than capitalist ones do:

  • Canada spends 10% less per capita than the U.S., despite having better outcomes for cancer treatment;
  • Norway spends about 20% less per capita than the U.S.;
  • New Zealand spends 40% less per capita; These countries also have some of the highest ratings for patient satisfaction among developed nations.*

Socialism gives you more educational opportunities.

  • You get free education
  • You get free healthcare
  • You get free housing
  • You get free food, clothing and transportation.

Socialism provides all of these services for you, because at the end of the day we’re all equal. In socialism, no one has more power than anyone else because everyone is working towards a common goal: making sure that everyone gets what they need to be happy and healthy. Nobody needs to worry about how to pay for childcare or college tuition or health insurance anymore—it’s all taken care of by your socialist overlords!

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Socialism is a fairer system than capitalism.

You’re probably wondering why socialism would be better than capitalism. Since you’ve made it this far, it’s safe to assume that you’re curious about the answer.

Before we get into it, let’s go over some of the ways in which capitalism is not a fair system. Capitalism can be summarized as “the freedom to make profit from your business”, or “the freedom to own and control property”. In other words: if someone wants something that your company makes, they have to pay for it. Capitalism is all about making money; if you don’t make enough money, then you’re out of business (and out of luck).

Since there are so many different types of businesses out there competing with each other for business — McDonalds vs Burger King vs Wendy’s vs Subway vs Chipotle etc., prices tend to drop lower and lower until they end up being pretty low anyway (think $1 burgers). This means that companies will often try their best not only because they want more customers but also because they need more customers! Why? Because no matter how much money they make off one sale (or even 100), if their competitor is selling food at half-price across town then sooner or later everything will end up being sold at half-price too… meaning less profit for everyone involved except perhaps consumers who don’t mind eating cheaply priced fast food once every few weeks instead of daily.*

Socialism reduces corruption.

  • Corruption is more difficult in socialism.

The very nature of capitalism is deeply corrupting, due to its reliance on the private ownership of resources and production. Under this system, the few who have wealth and power have an incentive to exploit others for their own gain; they can do so without consequence because society has an incentive to let them get away with it. In this way, corruption is baked into the system: it’s not just something that happens sometimes; it’s inevitable unless we change things. When you consider that corruption ranges from petty theft all the way up to systematic fraud or bribery involving millions or billions of dollars—or worse still, government-sanctioned murder—it becomes obvious why socialism offers a better solution than capitalism does when it comes down to reducing corruption.*

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Capitalism hurts everyone but it hurts the poor the most

Capitalism is an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state. It has been said that capitalism is “the exploitation of man by man”. In this way, it is possible to make money off other people’s work without giving them any of the profits.

In a capitalist society, everything—from your job to your education—has a price tag attached to it. If you don’t have enough money to pay for something you need or want, chances are that you won’t be able to get it without taking on more debt (i.e., buying things on credit). And if you can’t afford something big like college tuition while working at minimum wage? Well then good luck paying back those student loans when they come due!


In conclusion, the benefits of socialism far outweigh those of capitalism. It is a system that puts people before profits and offers individuals more equality and opportunity. The only losers in this are the wealthy who have to share their wealth with others

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