Well currently it seems that capitalism has reduced the amount of starvation and suffering, at least according to the global statistics, even though you want to brush it off with "technology".
Personal experiences do not override large scale statistics. While you might see homelessness and different issues around you, it seems that in total the trend is that the issues like that are decreasing. 20-30 years ago you would have seen more homelessness and poverty.
Just like someone saying "I'm rich and all my friends are rich, so I don't believe in poverty" doesn't override the fact poverty still exists.
This is the issue with "US capitalism", as the "free markets" don't exisist specially strongly there. It's strictly regulated and Europe in general has more freedom in the markets. Maybe you could need some capitalism in your system which could help US to fight poverty better.
Regulations tend to create monopolies instead of fighting them.
Communistic societies have issues that there is no wealth to be shared and people are less likely to work. This is a reason why the Sci-Fi is fiction. It seems it's fiction that communism would work.
Lol, I don't think you know what you're talking about. No, the middle class isn't becoming more rich and wealthy, the rich and wealthy are overtaking the middle class.
Communistic regulations and socialistic economic style choices are why Europe has more "free" markets. It's the exact opposite of what you think it is. Regulations prevent monopolies, by definition.
True communism is an ideal, an end goal. As I said, it's not feasible without automation overtaking labor as it is, until then, socialism and wealth redistribution is more than enough. We can sit here and link conflicting 'studies' all day, but the fact of the matter is that capitalism, unregulated, is a failing economic system. Look at steemit, and the top witnesses. It's a failure because unregulated capitalism is a failure. Look at the middle-east, look at africa. It's all in plain sight.
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