Point me to a good example where socialism worked for the good of all and was equitable? The so called exploitation by capitalist few of the larger masses is myth. Anyways we have seen socialism as a cover for suppressing the masses and mass murder #Stalin #Mao #Kims etc etc
Western capitalist have better social security than any socialist system can think of.
We are yet to see the most devastating impact of capitalism. Capitalist countries have given bad name to socialism of USSR which was more beneficial to masses compared to capitalism of US. West copied Soviet system of welfare and included in their policies but, still there are thousands of homeless people in US. Public schools of US are no where near to the standards of private schools resulting in only a very few people going to University from public school also the University itself is very costly in US.
If you think poors in west has no problem then the reason is their problem has been shifted to developing countries. Western countries have transferred their manufacturing and services to be done at low cost in developing countries where workers suffer. Millions of people in India and China are victims of
modern slavery. It is the reason for our low HDI.
What capitalism has done to present world? It engaged half of the world in Africa and middle-east in war and it made rest of the half world its labour market for manufacturing, services and last but not least a dumping ground of all its dangerous E and nuclear wastes. Forests are depleting and even water is getting privatized. Just a few days ago in an article Nestle's CEO talking about water to remove from human rights. Very soon we would be buying packaged air too for breathing fresh air too lol. But, this perhaps won't go that further because if we see a large scale war of discontent against current market economy then it would change everything we see in this world and there would be a gross change in whole system. So, I would say it is too early to crown Capitalism as the winner.