Socialism, in its more radical forms, is much worse than capitalism. Capitalism actually works.
Depends what Socialism means and what Capitalism means.
Mid 19th Century Capitalism was horrific... five year olds hauled coal trucks down the pits... if they were lucky... the unlucky ones had to work in the mills...
Yes it does. My point is that since capitalism is self-regulating, in one sense or another it always works. That might mean horrible conditions for the poor, so I'm not saying that it's good. Socialism on the other hand means manipulting the economic system, thus it can easily not work at all, which is worse.
Look at pre-NEP Soviet Union for instance.