Is Capitalism the most moral and practical political system?

Among the public, a popular belief has held that Capitalism is economically practical, but immoral, while Socialism is economically impractical, but moral. It is the belief in this dichotomy that has largely been responsible for America's gradual transition from our original system of Capitalism to our present mixed economy welfare state.

Today, a growing belief among young people is that Socialism is not only morally superior to Capitalism, but also practically superior. As a result, a recent Gallup Poll found that 66% of Democrats currently prefer Socialism to Capitalism.

Are these premises true? In this Meetup, I will present an argument that makes the opposite claim: that Capitalism is not only a fully moral and practical social system, but the only moral and practical social system.

Attendees will be encouraged to contest this argument if they disagree with it, as well as present their own arguments in favor of the moral and practical superiority of Socialism or of the mixed economy welfare state.

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Our Meetup location, Le Pain Quotidien, is a private business; so that our group remains welcome, please don't arrive with beverages purchased from outside, and please be willing to purchase at least one beverage or menu item during the event.

AN IMPORTANT NOTICE REGARDING NO-SHOWS

Unfortunately, there is a longstanding problem in our group with large numbers of people who sign up frivolously and neither cancel nor show up, leading to large waiting lists of others who lose their opportunity to attend. Please note that going forward, those who sign up and neither cancel nor show up will be permanently removed from the group. Also, if you need to cancel, please have the courtesy to give at least 24 hours' advance notice rather than canceling immediately before the event, so those on the waiting list have an opportunity to attend.