Interesting is it not that countries which are highly sociologist in governance have an over all better standard of living over the greater population - ?! Er, what countries were you thinking of?
(Hint: Sweden, Norway and Denmark are not socialist countries. They are all capitalist countries with monarchies.)
There might be something about sharing the wealth - yeah, but you need to create wealth first. Capitalist countries are the best for creating wealth. Socialism cannot create wealth.