Our resident Trump hater has told us that one needs only one word to describe capitalism, GREED. Many millennials claim that they are socialists, and yet what does the system really mean to them? What "socialism” means to millennials is that they think they are going to get their student loans forgiven. They also think that they are going to get cheap or free housing. They also figure that getting a job will be a lot easier because the government will be hiring everybody, even if you have a degree that has given you few marketable skills. Beyond that is the vague notion that “socialism” will fix the bigotry and unfairness in the world, which they have been taught is “prevalent” with capitalism. What they don’t get is the other side of the argument. They are not aware of the lack of choices that come with socialism. They are not aware of the extensive problems that government run economies face with getting the right amount of goods in the right place at the right time to produce the products that consumers demand. They don’t consider the fact that you are unhappy with the local government run store, that the next government run store might be just as bad or worse. They don’t consider that under capitalism, if one company is not doing the job, you can go to another one. And if that company produces a lousy product, the market will eventually put it out of business so that it is no longer wasting resources with its inferior service. They don’t consider the fact that the people who run the government and administer its programs are not angels. Most people do look out for their own interests, and some people will do dishonest things to get more. Under socialism, the corrupt government official is only accountable to the internal politics of the people above him. If he keeps them happy, or if they share the results of corruption with him, it does not matter that the people he or she is supposed to serve get the short end. Socialism sounds like utopia when you present only one side. The trouble that system has serious flaws that exceed those of capitalism, in my opinion. There are problems with satisfying markets without the price rationing function, and the checks on inefficiency and corruption are too weak. Beyond that the amount of data that is required to run a socialist economy from the top down are overwhelming. Even in the age of computers, the data gathering, processing and implementation present huge problems.