> then it's a terrible system to govern humans under.

Agreed!

> capitalism exploits greed to generate prosperity.

Sadly without representation, that prosperity accumulates around the few that then don’t necessarily disperse it back into the economy but hoard it and lobby against taxes and workers’ rights etc.

From where I stand, both systems suck, just that regulated capitalism is more workable in the more socialist leaning nations from a human welfare perspective, like many of the ones in the EU. Ofc an economic powerhouse that does not make, not necessarily.

And then there’s corruption and various bureaucratic inefficiencies, which you’ll get to some degree in any system.