I can’t give you an entire education on political economy and socialist history in one comment. At the very least, socialism works towards solving the conflict that arises when one class of people do all the labour while another class reaps the profits, as occurs in the capitalist system of private ownership of the means of production. This conflict is the main source of misery in the world today- war, starvation, deaths from preventable disease, climate change/ecological collapse etc. are all inevitable under capitalism because of the profit motive. Those things can all happen under socialism, but the system itself doesn’t incentivize them.
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