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I cringe whenever I hear 'equality'. I agree that people should have equal opportunities. But a system that doesn't allocate based on investment and contribution isn't fair
Plus, socialism can become cronyism in disguise (which is far worse than capitalism). Essentially, the 'working class' would have to appoint people to oversee the distribution. That's where the problem begins
Here's how Wikipedia defines cronyism
Cronyism is the practice of partiality in awarding jobs and other advantages to friends, family relatives or trusted colleagues, especially in politics and between politicians and supportive organizations. For instance, this includes appointing "cronies" to positions of authority, regardless of their qualifications
https://en.m.wikipedia.org/wiki/Cronyism
I don't trust people generally. It's only a matter of time before a set of people hijack the system and allocate based on personal interests
I believe capitalism is better and fairer.