>>>Privided that the wealth created is used to better the lives of the people living there, then yes. And by 'the lives of the people', I don't mean just a few people at the top of the power ladder.
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>>Sure, I don't question your class approach in any way. However, just for clarity sake, would you consider capitalism as better for people (i mean your personal definition of people here) lives or socialism is more preferable?
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>Personally, I'd like a balance of the two. Pure capitalism (the way it's usually practiced) generally ends up with a few people controlling all the wealth, and pure socialism (the way it's usually practiced) generally ends up with a few people controlling all the wealth.

As they said once on radio Yerevan, "in capitalism, one is exploited by the other; in socialism, it's the other way around".