This topic is mostly motivated by what Jonathan Pie said some days ago. Most people think Capitalism has not failed and proudly call themselves one, without realizing that what we have today only has the name of capitalism and has been forever touched and changed by socialism, which was nothing but a compromise between Capitalism and Communism. There is of course people think Socialism and Communism are the same thing. I mean the president of United States called Bernie Sanders Commie/Socialist, implying both are the same. Well, it isn't. That's like saying Dog/Pigeon. Communism is pretty much the opposite of Capitalism whereas Socialism recognizes Capitalism results in inequality and Communism discourages hard work and advancement. So socialism is basically capitalism while advocating sometimes the state has to step in. In Socialism you still get to do business, make money and have ambitions. So when some make billions and others literally starve, the state is there to curb these excesses. Socialism is an ideology and has pretty much integrated into every modern society. Do you believe everyone, rich and poor, should have access to affordable justice system? Then you are a socialist because a few hundreds years ago, under pure capitalism this was not practiced and frowned upon and its main ideal of socialism. "You only deserve justice if you are successful" this is how it was under pure Capitalism. Welfare is an invention of Socialism and did not exist under pure capitalism. If you believe you should not go bankrupt if you are diagnosed with cancer, then you are a socialist because according to pure capitalism that existed in the same time as soviet union and communism, only the successful deserve advanced medical care. Most people are socialists without ever knowing it simply because of the facade that capitalism has not failed and that it was not fully transformed from the core after coming in contact with Socialism. Being the opposite of communism caused it to disregard anything coming from that system, but socialism was different and now exists in majority of countries. Funnily there are still communist countries out there (e,g North Korea) but there is not a single country that still has pure capitalism. In recent decades, Socialism has fully integrated with majority of economical systems as they have adopted major ideals from Socialism that has gained more and more traction over the years and it still does. I don't think capitalism has failed as hard as communism, but the idea of capitalism has failed and it could not have existed in this day and age without compromise between two extremes, that was the invention of Socialism. Discuss.