First, you guys over-react far too much when someone mentions socialism. If you took the time to understand his point of view, you might just change it. He's asking for answers not refutation.
Second, Rebel Resource, I was in your shoes not long ago. I saw all the anti-capitalist videos. Learned about the evils of the federal reserve system. Started reading marx, etx...
I was also contemplating the 'pipe dream' of a human society without a ruling class, without money and without oppression.
I later realized that I was going about it all the wrong way thinking down 'socialist' lines. The problem is power. Let me explain...
I own my body. Therefore I can control it, no one else. Anything I am forced to do, or have no decision in, I will hate because I can't control it. This is a human.
In a 'socialist' society, people will have to eat, so they will grow food. Others won't grow food, they will provide services like fixing a roof, or a computer. The only way to give the computer repair person food without using money is to take it away from others that grow it. To give food for free, you must take it and offer nothing. Think carefully about this.
In the absence of a governing body (aka, a ruler) to force people to give what they have made, people resort to trade. Bartering sucks (how much corn is a computer worth?), so people start trading their items and services against a common material. This material should be attractive, hard to duplicate, durable, and fashionable into common weights so that deals are fair. Aka, gold or silver.
This is free trade.
Some goods require more than one person to produce, so someone has to hire others to work for them. Companies are formed, but rise and fall depending on who is providing the most value. At this point, the name of the game is providing value to your customers. All companies have owners. Should a company commit an immoral act, the OWNER has no choice but to accept responsibility.
This is capitalism.
Then laws are passed that allow invisible people to own land, money, and property and thus corporations are formed. Corporations have no choice but to be as profitable as possible, as market 'law' dictates. However, because there is no single clear 'owner' there is no one to take public responsibility. Further, any stockholders or employees are shielded by the law from prosecution for crimes commited as part of the corporate operations. Therefore morality becomes a game of balancing monetary risk versus monetary reward with no true moral consideration. If inflation is a purely monetary phenomenon, then corporations are purely a legal one.
This is corporatism.
We're are not capitalists in the USA. We are corporatists.
Men simply cannot be allowed to rule other men. Either themselves, or their descendants will inevitably become corrupt, there is no way around this. Without rule, there can be no socialism as it is defined today. That being said, I would choose a monarch over a corporate oligarchy any day. At least a monarch has a conscience.
I had an interesting thought the other day. You know the famous marxist quote, "From each according to his ability, to each according to their need"? Well, true capitalism allows each to produce according to their ability, and each to consume according to their need. To consume more, one only has to produce more. If one cannot produce, then you are at the mercy of the hearts of the people around you. At the fundamental level, the aim and function of both capitalism and socialism are the same. Socialism doesn't even disavow currency. When I think about function, form, and intent... the differences kind of melt away. There is only human nature, and the law that has warped it.
The true evil is invisible people with infinite hunger but no conscience or morality.