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Do you believe communism and/or socialism are better economic systems than capitalism? Or do you think a socio-capitalistic society works best?
Haha, this is a very complex and layered question, obviously. And the term "better" depends on what country (powerful or powerless) and what citizen (powerful or powerless) whose perspective you are depending on. I'll try to be very brief while at least somewhat answering your question.
Communism as an artifact of the 21st century, i.e. Leninism in Russia/Cuba and Maoism in China? Absolutely not. I think that important lessons have been learned from Russia, Cuba, Vietnam, and Laos (I'm not sure that anything meaningful was discovered under Maoism), and many of those lessons have been largely integrated into social democracies in North America and Western Europe. But those particular systems do not present in themselves a "better economic system" per se.
Ultimately, revolutionary socialism/communism is not viable in terms of expectations of law term communist development in periphery economies like Russia (which wasn't even semi-developed at the time) or Cuba. It's only prospect of developmental success depends on it being carried out in a major economic epicenter (formerly Germany, now the US). Because private capital has so deeply penetrated political institutions in modern times, I do not think that precondition can be met.
As far as the abolition of capitalism toward socialization, it again is relative and to what you require in the transition. Do I ever think market logic will be abolished, like Pol Pot insisted upon? Of course not. However, that was never a realistic expectation of Marxist theory. I do think that collectivization and de-commodification can (and, if the human race is to survive, will) be arrived upon through democracy in the political and economic spheres of capitalist society and ultimately arrive upon a certain sort of hazily-defined socialism or communism.
EDIT: But, to be clear, I think that Leninsim and even flawed socialist/state capitalist developments in the third world have been better for those countries than the capitalist alternative of being leeched by their economic betters.
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