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as for capitalism, capitalism rewards risk takers, capitalism rewards the skilled, capitalism rewards innovation and creativity, and above all, capitalism is a system in which one may freely cultivate themselves to a far greater extent than any other. communism is capitalism without the freedom, and generally, with inferior products, less accessible products, less innovation and less role for an individual to make a real impact." - fwancophile
Ah, but you are applying your capitalist western values to communism. In a completely different culture such as Confucian China, where filial piety and community above individual, these things that you have mentioned are much less important. They wouldn't care about having bubbly ex-foliating facial creams or the product quality they might regard as simple luxury, rather, they might be horrified at the tremendous lack (relatively) of respect shown towards elders and parental figures. Freedom to cultivate oneself is much less important in a communal set of values, where the cultivation and contribution to society as a whole is regarded as much more of an accomplishment. Risk taking? Forget it? Who needs progress when you have social stability and a general feeling of satisfaction and happiness? Of course, that didn't quite happen in our historical examples of communism... but that's not to say that it wouldn't ever.
Capitalism and it's inherent emphasis on competition will obviously out-compete it's rival political systems such as communism, as a self-minded individual will see more to gain. But whether or not such a system is more beneficial as an overall political system is not evidenced by a person's personal satisfaction. Capitalism is cruel in that it punishes the exact opposite of the things you have listed, perhaps that's justice, but perhaps it's inhumane...