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Capitalism is broken because 90% of the world's wealth is controlled by 10% of the world's population. So the rest of the 90% of the world have to make do with only 10% of the world's wealth.
Capitalism allows for the rich to get richer and the poor to get poorer. Free market capitalism is totally out of control and it is to blame for the global economic crisis.
Socialism allows for a more equal society and distributes the wealth more evenly amongst the people.