With the discussion about capitalism being good and the socialists arguing for more rules with opinions on the best way to control their fellow human beings, I thought it might be important to reflect on the limitations of ignorance we have. And how that ignorance breeds the kind of arrogance in some people who believe they can conceptualise, understand and control all the complex societal and economic interactions of a people. To dictate the rules of what is allowed and what isn't. I feel that to rise above one's ignorance and overcome one's tendencies of the resultant arrogance, is to acknowledge one's limitations and that means acknowledging a larger context beyond the mundane materialism that we are so steeped in.
I see Socialism as the ultimate manifestation of ignorance. My reason? Central planning always ends in tyranny and financial collapse (central planners are ignorant as described in the OP's post). My proof? Every South American country, Cuba, Vietnam, Cambodia and Pol Pot, Stalin, Mao Zedong and 80 million killed, The National Socialist German Workers Party, Kim Il Sung and sons, the near economic collapse of Sweden when it went to far down the socialist path, the Berlin wall, (socialism has to prevent it's citizens escaping), the current state of France and of course Venezuela now introducing forced labour farms for it's citizens. It isn't capitalism that is killing America now, it is the rise of socialism. Capitalism is strictly "succeed or die on your own merits and luck". Capitalism NEVER EVER allows for bail-outs and bail-ins. Bail-outs socialise public money to prop up failed aristocrats. The 1% are socialists, not capitalists.
Socialism: a system whereby everyone is equal (apart from a few who are WAY more equal than the rest).