i have spent about half my life in both systems (lived in socialist yugoslavia) so i am the right person to draw a comparison.
socialism =
- education was free
- health care was free
- housing was free (my parents got free apartment, yeah i know appleo, it was not a mansion, a 72 square meters, the same size apartment is worth between 60.000 - 100.000 euros in belgrade today, depending on location)
- unemployment rate was very low
- wage difference was maximum 1:5 between the lowest paid jobs like janitor and the highest paid jobs like doctor (so not everyone earns the same in socialism)
- wages were not as high as in usa or germany for example, but the prices of goods and services were much lower also than in aforementioned countries so everything was easily affordable for the majority of population
(for example, my father had higher education and my mother was worker with high school education - for the first 16 years of my life we were going on sea resort summer vacations and ski resort winter vacations every single year, my father drove a mercedes).
- public kitchens, homeless and extreme poverty were virtually non existent
capitalism =
- higher education is still free for the limited number of state sponsored students, but there is a new trend, those who can afford it simply 'buy' their diplomas in private universities
- social security is still covering all medical procedures except dental procedures, however medications are not free (medications were free in socialism)
(these are remnants of the old system not yet destroyed)
- there is a trend of 30+ years old still living with their parents because they simply can't afford housing, they even can't afford renting. This has a devastating effect, there is less and less people brave enough to marry and start a family.
- unemployment rate is very high
- wage difference skyrocketed since the introduction of capitalism
- prices are now on germany level but the wages are well below germany level so majority of people can't afford a fraction of stuff their parents could easily afford in socialism
- people digging through garbage cans is everyday reality now. That was something unimaginable in socialism.