When Barack Obama told students in Argentina &quot;Capitalism and Socialism are about the same&quot; -- the part that is true is:<p>- in Socialism, there is an Elite group who get special rewards and at the very top, the money from the country&#x27;s resources  (Kim in N. Korea;  Chavez; and Maduro, who recently sent hundreds of millions of gold out of the country to &#x27;pay the country&#x27;s debts&#x27;)<p>- in Capitalism, there is an elite at the top who get special rewards<p>There are 3 kinds of people who want Socialism:<p>1) those in the citizenry who want the elite to share the money more, and manage the country so that it produces benefits more equally;<p>2) those in the elite who want the perks that come at the top of society and want to force the wealthy to spend their wealth on helping everyone<p>3) those in the elite who <i>know</i> Socialism fails but there&#x27;s plenty of time to loot the country before that happens<p>In capitalism, the elite don&#x27;t lie to you and say &quot;we&#x27;re doing this all for you.&quot;  It&#x27;s understood that if you add value (like Facebook, Tesla, Google) you get handsomely rich.<p>In socialism, at least part of the elite know damn well that the removal of incentives in Socialism (redistribution of wealth) will eventually cause an economic crash, and they lie to the population &quot;this will all work!&quot; to get the votes to redistribute wealth.<p>Meanwhile, they have time to ship gold out of the country.<p>The crux is there will ALWAYS be a jealousy-inspiring Elite.  This is true in Communism, Socialism, and Capitalism.<p>When Barack Obama said ‘There’s Little Difference Between Communism and Capitalism. Just choose from what works&#x27; to an audience of Argentinian youth a few weeks ago, he may have been referring to this issue.<p>No system will result in equally shared wealth.   Those at the top will do anything to retain their perks.<p>In Communism, the leadership kills those who threaten the leadership.<p>In Socialism, the leadership jails those posing serious threats to leadership.<p>In Capitalist democracies, we have mind-bending, emotionally-charged elections, and peaceful transfer of power.