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Communitarian values, including Socialism, have made our species as successful as it has become. Socialism, per se, is a relatively new process. You may know the difficulties Capitalism had in its birth, so I would expect the newer advancement to need some room, too.
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TOTALLY ridiculous. It is capitalism that has it's roots only as far back as the 18th century. Socialism, by contrast, in essence, is as old as the stone age, with some grand poobah controlling the distribution of goods (by force).