But by that standard, neither is capitalism. Besides corruption and over-investment, it was the large drop in international oil prices that created much of this economic catastrophe.
Yes, capitalism without love is not correct. Thus, capitalists should have philanthropic efforts. But socialism doesn't really accomplish that love.
Take Bernie Sanders, for an example, as the reason why it doesn't work:
"Senators Bernie Sanders, Elizabeth Warren and Cory Booker gave more than 2 percent of their total incomes, according to their returns."
How Much Money Democratic 2020 Candidates Gave to Charity in 2018
Hypocrisy defined by Merriam-Webster :
: a feigning to be what one is not or to believe what one does not :
behavior that contradicts what one claims to believe or feel
So, here we have a socialists claiming to want to help the need and give more opportunity to those with less and gives between 2% to 3% of his income.
If you look at those who have much, preaching how unfair things are and how the masses need more help, will always follow the position of not giving towards what they believe. In the end, they will still have (as the leaders) and everyone else will still be in the "have not" category.
Cases: "Cuba, Venezuela, North Korea". Countries that begin to go to capitalism always improve the overall status of its citizens.
The reason why this surfaces, is because they preach that they want to help the needy and the needy do need help but the hypocrisy of what they are preaching is that they really don't live or do what they say and thus, when in power, the needy remain needy.
On the other extreme, capitalism without love, can also give the same results. The rich who have no skin in helping the poor. We see corporations that have done just that.
IMV, it is capitalism without love that gives place for the thought of socialism/communism. But both are extremes. Thus Jesus wanted the rich to help the poor (and not ROB, RANSACK AND FORCIBLY TAKE FROM THE RICH AND GIVE IT TO THE POOR).
the Apostle Paul understood this:
1 Tim 6:17 Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches, but in the living God, who giveth us richly all things to enjoy; 18 That they do good, that they be rich in good works, ready to distribute, willing to communicate; 19 Laying up in store for themselves a good foundation against the time to come, that they may lay hold on eternal life.
Notice, it says for those who have the capacity to create wealth to have love and give. But he didn't say "forcibly take away".
