If we have to make a choice between socialism and capitalism, then I think socialism is better-people have more deciding power and poor/old/disabled/disadvantaged people will be better protected under such a system. The others also will benefit because there's more equality, in social status, opportunities, access to education/health/jobs etc.
But it's not without bad sides as well.
It becomes a fair deal only if everybody works the same, to the same quality.
Authoritarianism can affect it just as it does Capitalist societies.
People in power can misuse it, and the opportunities may not be the same.
Personal freedom may have some restrictions-but I don't see it as inevitable; just a side effect of power being in wrong hands.