Capitalism Versus Socialism

We are often told by supporters of capitalism that it is the most efficient way to run society, but how does that square with the following statistics? 'Eurostat, the European Union's statistics office, said today that unemployment levels across the 17 countries which use the currency hit a record high in April - 19.38 million. If levels continue to rise at the same pace, unemployment in the currency bloc, which has a combined population of 330 million, will break 20 million by the end of the year.' (Daily Express, 1 June) Inside a socialist society those 20 million people could be producing wealth, so which is the most productive - capitalism or socialism? RD