There is no moral ground for any system. We can't argue for objective morality.
There is no alternative to Capitalism. Capitalism is not a perfect system, and it has no end game. But if you regulate the market, and implement state-controlled social programs, then things would be more bearable.
But let's look at China. The Chinese have a system they call Socialism with Chinese characteristics. They realized that a perfect socialist system could only come from a well functioning body. Were all the organs (institutions) are high performing. The most rational and effective way to achieve this is through the free market.
Socialism is not possible in a small market like Somalia, and it is behind in every possible way, and it can't hope to thrive with its economy shut from outside influence and speculation, when technology is the deciding factor of who succeeds, and are creating a more globalized world. And we all know that to get access to the newest equipment, you have to more or less partake in the free market.
Nothing exists in a vacuum anymore, and people have to stop looking at a lens from the 1900s. Karl Marx criticism of capitalism was spot on, but implementing complete socialism is nearly impossible without elevating oneself through the help of the free market.
I don't like capitalism, but it's the only game in town, and we Somalis don't have the luxury to think and experiment to get a perfect system when the West and East hasn't fixed theirs with all their intellectual capacity.
On the other hand, we have lunatics like
@Kurolady08 who argues for a completely unregulated market, completely ignoring that there are no incentives to do something good for the environment if it does not make a profit in such a system.
I suggest we use a better form of Capitalism until we work out a better plan on how to make a system compatible with the environment and all life on the planet. But currently, we have not the luxury or the capacity to think of a solution on how to fix the world when we are literally at the bottom. Let's be realistic here.
I personally think the idea of Socialism is a good thing, where the workers equally own the industry with the amount they produce, but no one has ever done it successfully. Socialism can only happen when capitalism is dead, and this will never be a peaceful or smooth transition.
And the Scandinavian countries are Social democratic. They are capitalist with strong social safety net regulated and controlled by the sate. People saying those countries are Socialist is ridiculous. They are capitalist because they partake in the global market.