The issue is also that people seem to be quite polarised in their groupthink. Socialism and capitalism aren’t mutually exclusive, and they are only destructive if they are adopted as a pure ideology which disallows any discussion of the possibilities of the other system. In my opinion, an ideal system has protected elements of both. Healthcare, education, prisons, public services: socialised. Supermarkets, car sales, beauty products: a free market.
At the moment our society is far too capitalist, and socialism is seen as suspicious at best. This is causing harm and suffering.