Capitalism requires individual Liberty. Socialism requires a government to operate it which must pick winners and losers so it results in oppression, poverty and special privleges for party elites.
At present America is Capitalism with a Welfare State. Free markets generated so much wealth that the government could impose welfare programs without upsetting the free markets too much but it was the stored up wealth that was and is used to impose the welfare system onto a free market couture. Without the wealth from traders to pay for the welfare state the welfare state couldn’t exist.
WHAT ABOUT CUBA?
Cuba has very high literacy rates, …but they imprison librarians and other people who have copies of banned books. Capitalistic America would never stand for that.
Cuba has free medical care but expensive major operations aren’t allowed.