I was born and raised in a socialistic country. When growing up I heard contradicting opinions about socialism and capitalism. To make an educated choice, I studied both socialistic ideology and socialistic economy, as taught by socialists. For some time, I hoped that there might be a way to make socialism work. But the more I learned the better I understood that socialism never worked and never will be.
When it comes to this text, in order to have a meaningful conversation, first wee need to agree on definitions. Michael F. Schundler has some homework to do in this regard. This could be a good starting point: https://medium.com/@hak1010/capitalism-socialism-and-communism-db09ad64b81d.