I mean, too strict of a economic ideaology in any form is bad. Capitalism can promote the dollar before human life, throwing people into poverty for illness, and unable to sustain themselves even with multiple jobs. This can lead to situations where people are working themselves to death because they were born in a bad situation, while a person who was born wealthy can become even wealthier than they would ever need to be. Communism/socialism in their purest forms are good, but are easily corruptable by someone who seeks to misuse them. Additionally, they tend to (unintentionally) dissuade technological advances, not because they aren't seen as useful but because there is no real incentive to innovate.
I just think a social-democracy is one of the better ways of looking at it. Everyone deserves to live. Everyone deserves to not have to worry about starving because their paycheck was less than they thought this month. Everyone deserves to not have to worry about dying because they can't afford life saving medication or medical attention. I think the government providing a very basic safety net of care snd empathy but allowing for individuals to advance upward to buy their own luxurious comfort is a better way to look at it.