Yes but as I said different countries have their own versions of socialism and capitalism which vary a lot from a strict dictionary definition. Neither socialism nor capitalism put into full blown practise ever work as intended so all over the world you find mixes of both.
As to effort and wealth everyone has their own views on that too. Some people look to financial rewards for their efforts while others put their labour into meaningful community voluntary work and their main reward is satisfaction not money.
Dave R.
