Is it a straight battle between Capitalism v Socialism?. What is the general view on here between both? Does anyone here think Capitalism should be destroyed?
It should be reformed. Notwithstanding Clause 4, that's been the Labour party's approach to capitalism since its foundation. No one who is serious believes that it would be a wise thing to eliminate free markets in the modern world. That's been tried. It produced a catastrophe - starvation, police states, economic sclerosis, and political butchery beyond belief.
The aim, instead, should be to eliminate markets from areas of life where they do not belong - health, education, social security, the police force, the prison service, the railways, the nuclear industry, the water supply and - more contentiously - gas and electricity. As Michael Sandel said recently, the problem isn't that we live in market economy, but that we are beginning to live in a market
society where everything has a price and money-relations start to warren all parts of our life, warping our values and our priorities. Elsewhere, in the production and distribution of goods and services, the free market should be regulated to prevent massive inequalities and stupid inefficiencies to develop.
If this were all done I'd be happy to call the result democratic socialism, or social democracy.
Though I understand that your more dogmatic and 'religious' type socialist would call it a massive cop out.