Merits of socialism are theoretical. Merits of capitalism are practical. Sometimes it
is hard to have a match between what the socialist says and what they do.
According to socialist, as the human-being, we will try our best in all possible
ways to do all kinds of goodness for the human world. But in many instances we
can find that the leaders in socialism love to do the best thing for themselves and
their families like anybody else. Theoretically, socialist would like to develop the
community as a whole instead of making their own benefit. In practice, many
people do not work by themselves in the system of socialism to do their best. They
think if they do not work it is not a problem for them. Some others in the socialistic
system will work for them and the others. Or some people tend to benefit
themselves without getting involved in work. This is called a free riders problem in
socialism. As a result, it is not possible to have a developed or a better community
under this system. It means that there is a possibility of great loss incurred by
unutilisation or underutilisation of human resource potential in socialism.
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