"MLenoch" wrote in message
...


Capitalism = Equal Opportunity.


No it simply means an economic system were private property ownership
exists; individuals and companies are allowed to compete for their own
economic gain; and free market forces determine the prices of goods and
services.

Its entirely possible to have a capitalist economy wthout equal opportunity.
Such a system existed south of the Mason Dixon line for many
decades

Socialism = Equality (among the masses and separately among the ruling
class)


This is also wrong, socialism means an economic system which is based
on cooperation rather than competition and which utilizes centralised
planning and distribution.

Socialist systems with massive inequality amongst the various
groups in the country are entirely possible and indeed were
common in the old Eastern Bloc.

Capitalist economies have historically done rather better
than socialist ones but there are few nations where either
exists in its pure state. Even in the USA some economic functions
are subject to central planning and organisation.

Keith