Is capitalism the best economic system?
All the biggest economies in the world have capitalist economies. It is no coincidence . . .
in communism the system is based on sharing the wealth. so lets say you have 5 dollars and 4 friends who have no money, so you're forced to give them all a dollar. you worked hard to get that five dollars but you were forced to share it because your friends dont wanna work. how is that even fair? people should work for their money.
The Scandinavian countries who have socialist economies have much higher standards of living and citizens who are happier on average.
Due to capitalism there is extreme income inequality. American billionaires (614 people) have double the amount of wealth than the aggregate wealth of bottom 50% of Americans (about 160 million people). That means that every billionaire, on average, has the wealth of 260,500 low income Americans.