Another but quite similar comparison although a lot longer. I am cutting and pasting only the introduction but the pros and cons are listed in the link.
"The literal definition of socialism is a social and economic system characterized by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement that aims at the establishment of such a system. Socialism has a long history. Modern historians don’t believe that socialism existed in the ancient times or during the era of Aristotle and Plato but there is a school of thought that tend to endorse a view that the great philosophers of various eras had accounted for socialism in their political motifs.
Socialism doesn’t find many takers today but there are many political parties in a few democracies of the world where the primary ideology is socialism. There are many socialism pros and cons. It is the outweighing of the pros by the cons that has made socialism relatively irrelevant and thus insignificant today. But there are certain measures taken by most elected governments in the world that are in accordance with socialist practices.
Socialism had witnessed a surge in endorsement and the ideology had become quite popular at the end of the nineteenth century and there were many movements in the world subsequently in the twentieth century that tried to establish socialist governments. Communism too is a cousin of socialism, albeit there are some differences between the two."
Top 12 Pros and Cons of Socialism | NLCATP.org