Sorry, I should’ve been more thorough. I meant it functionally ignores the concept of unequal power. Any sufficiently large group effort will eventually build a power structure, regardless of whether it’s capitalist or communist.

It’s less about the fallibility of humans, and more mathematical than that. A person ability to acquire wealth is proportional to the current wealth they have. (And I’m not just talking about money, I’m taking about resources and power) As a result, those with a tendency to act nastier have an advantage in gaining wealth. This same issue is present in a communist economy, because while communism eschues the concept of money, it does not reject the idea of unequal power. Even some super intelligent AI wouldn’t be able to fix this, as long as it was forced to give humanity basic freedoms and follow communist ideals.

Honestly, this whole communism vs capitalism debate is beneficial to the powers that be, since neither system actually tries to prevent the acquisition of power or the abuse of it.

Here I thought this was an IT crowd reference.

My big issue with socialism is more about the implementation. I’m not sure there is a way of enforcing socialism that isn’t antithetical to the goal of socialism- a more even distribution of power (which we quantify as wealth in a capitalist society).

In general, I don’t think there are any stable economic systems that don’t decay into feudalism when abused. At least for the economic systems we’ve come up with so far. The best one I know of is the gift economy, but that requires people to not expect something in return, because otherwise it could be reduced down to capitalism.

In short, all the economic systems so far, despite their best intentions, reinforce inequality.