Lol you been drinking that coolaid. Reganomics isn't the same thing as economics. Capitalists are the biggest cultists they are. They always try to steal not only workers labor, but also progress itself.

You don't even have to think, all you have to do is compare socialist societies to capitalist societies today in the world. Western Europe has a far better society, free markets, it's actually easier to open a business in most of their countries than it is in America, and their workers are treated like paper towels. Even China or something which people will try to point to which is a paeudocommunist society, manages to feed, provide healthcare, and house nearly everyone. They actually brought billions of people out of poverty in a century. Not capitalism. In America over half the population is probably in poverty at this point since the economy is so terrible and inefficient and workers don't want to work 10-14 hours for two decent meals a day. (Not hotdogs in case you are going to go there) that's not a decent meal.

Yes poverty has been mostly eliminated by technology. Capitalists have honestly tried to stop this as much as possible because they are almost all Nazis and they despise anyone who has less wealth than their parents gave them. If too many people came out of poverty capitalism wouldn't work because it's too inefficient and greedy and all the wealth gets wasted on luxury for the rich which also causes massive inefficiencies. Go look at any number of European socialist countries in Europe that have popular socialist parties in their democracy, and see how much better they are then shit American corporate feudalism. If you are going to use the USSR as your example then please explain why Russia was always a shithole before, during, and after supposed communism, if communism can even be authoritarian, and go literally against everything in the communist manifesto. Why didn't Russia magically become such a better place when they adopted capitalism? Can you explain that. Of course not because you just parrot nonsense from rich propgandists who hate the American people and Americans way, on mainstream media who want to keep you working in those factories while they sit on their asses all day on their boats.