I'm a libertarian. The idea of socialism or communism sounds good on paper but doesn't work in reality because of bureaucracy. You're putting more money and power in the hands of fewer people(despite them claiming the opposite) and bloating government to enforce regulation. In a true free market, no matter how large a company gets, they can still fail because of competition. The only job government should have is to prevent a corporation from using their accumulated power to squash competition producing better products.

It's also impossible to motivate people to work hard or be innovative when half their earnings are taken before they get to see it, they don't get to own their own products, and when the people who decide whether or not they get promotions/advancements in their career are state controlled bureaucrats who have never met them face-to-face. It also creates incentives for people to seek government aide rather than working and bloats welfare.

If you want a good look at what true communism/socialism produces then look no further than Mao China or the Soviet Russia. Or just take a look at what's been happening to Venezuela and Cuba over the decades. Even the successful "socialist" countries today are just more heavily regulated capitalism with much higher taxes to pay for their free healthcare. Turns out nothing in life is free.

Say what you want about greedy corporate capitalism but it's responsible for the wealthiest countries on the planet. As long as people aren't allowed to infringe on other peoples' basic human rights I think they should be free to earn their living however they please.