Democracy empowers all people. Capitalism empowers the wealthy.
This, however, is not true.
Well, perhaps I oversimplified the concept, but capitalism certainly doesn't empower the less fortunate among us.
But it can. The premise of Capitalism is for all to work and succeed without the assistance of Government. Socialism inherently implies that one need not strive for success when Government can just hand them everything. Capitalism teaches a philosophy that humans should be responsible for their own economic success and should only rely on the Government when they cannot rely on themselves. In today's society, the welfare state has expanded so much that people can now receive welfare based on how many children they have, if they're married or not and plenty of other things that can just funnel more money into the pockets of people who do not seek work, at the expense of taxpayers.
Why is it legal in some states for people to use food stamps to purchase cigarettes and alcohol? Why has the philosophy of 'people should not be required to look for work whilst receiving welfare' become a legitimate and basically widely accepted political position? Because humans have now come to the conclusion that working is too hard and American exceptionalism is too difficult to achieve, when it's really not. Sure, it requires a lot of hard work and blood and sweat and tears, but it does not mean that it is unreachable.
Every multi-million dollar corporation started out as a small business at some point. The reason those small businesses where able to expand and become corporation was because there were always people looking for jobs, looking for money, looking for the pride that comes with having both of those things. There was no such thing as over-regulation and labour strikes where employees could halt two weeks' worth of product because they want more money. Are the leaders of most corporations greedy with their money to a certain extent? Absolutely. We'll disagree to what extent they're greedy, but that's not the point.
The point is that nowadays, the lifestyle choice of some Americans has become either stay at home, don't work at all and expect the Government to pay for your house, your TV, your car and everything else you own or join a union and expect the leaders of said union to negotiate more money so you can buy your house that you can't afford, your TV that you can't afford and your car that you can't afford.
It boggles my mind that someone making $50,000 a year would attempt to buy a $200,000 house and then be surprised when they're foreclosed, yet no one knows why the housing market crashed? It all comes back to the root of all evil (which I say that playfully): money. People will always want money so they can buy things. Socialism teaches that if someone else has too much money and I don't have enough money, I can just take their money so I have more money. So, in a nutshell, Socialism is a contradiction of itself in a way that it's supposed
to be the least greedy of all economic philosophies, yet in practice it is the most
greedy of all economic philosophies.
The big point that I'm trying to make here is that Capitalism may not be perfect, but it offers everyone the opportunity to succeed and enjoy the benefits of success, whereas Socialism teaches laziness and bastardizes individual success and exceptionalism.