@peterbrown@mastodon.scot I haven’t suggested that pure forms of “isms” are good, nor do I have a fixation on them. They also don’t exist, as you note.
Trying to compare socialism vs capitalism is a false equivalence. I disagree, for instance, that socialism suppresses individual enterprise. Capitalism does this (and this gets at a core failure of capitalism, which is that, without very strict regulation, capitalism always leads to monopolies).
It’s extremely difficult to start a viable business that provides a living wage in the US, for example. Assuming you have startup capital or access to funding in the first place, you then have to compete with multinational corporations who will engage in non-competitive behavior the second they have reason to believe you might be making money — usually either by making a cheap knockoff or flat-out stolen design of your product or service and selling it below market price until they price you out or by acquiring your business and buying you out.
That’s not to mention the cost of health insurance, which you probably just won’t have for you or your employees because privatization has made health insurance so astronomically expensive (another result of capitalism). These things are features, not bugs, of most existing types of capitalist economies. Capitalism without strict regulation and oversight naturally causes extremely concentrated wealth accumulation, creating power that inevitably eclipses that of government by the people.