I think both have their own pros and cons like with captialism we see competition and inequality but with socialism we see equality in the society so I guess we should find a mixutre of both that could do the both thing, but that's not quite possible easily, so I will say captialism is better then socialism because that way one might not be motivated enough to compete, and competition is very necassary for the production of things that needs out of the thinking and people have to go beyond.

These countries made their choices already not these but every country has made its choice already, on the country level I think capitalism is better but if we want socialism, we can somehow manage to implement it in our society.