Well-regulated capitalism on the other hand has resulted in an explosion of technological advancement like no other era in human history.
The key is regulation. Not too little, but not too much either. Some things, like minimum wage, are clearly under regulated. Other things, like mandating USB-C, are honestly better left to the free market (and I fucking love USB-C.)
In socialism, I’d be poor and have no choice of what I buy or eat but I can live and afford having children.
In capitalism, where you have freedom, the same rules applies to poor and rich citizens. The difference is that the rich can afford lawyers and are able to lobby to change/break the law on their favor. You don’t.
This is how the cost of living would go 100% up and you wage increase by 1.34% each year.
It might seem like just a schtick to con rich people, and it currently is, but that doesn't change the fact that there are scammers out there literally "collecting" air in jars (I saw a segment on them a while ago on tv, they even got a "collection net" out thinking it made them look less like scammers. It didn't) and selling it to Chinese people (who's own air is so bad because their production is trying to keep up with wester demand) for profit.
And it isn't just out of touch rich people who need to do this though, they're just the only ones who can afford to waste their money on this useless "solution" to their problem, but the problem, which was created by capitalism, isn't going anywhere until capitalism has sold us a "solution" for it. Just like they're trying to do with this sun blocking and carbon capturing bullshit now.
In capitalism, if you don't work, some capitalist pig will throw your family out on the streets, whereas in communism, if you don't work, some communist pig will throw your family in jail.