> Socialism assumes the problem of production has been solved
Insofar as that is true of socialist theory (its an element of Marxist historical perspective), it is not a general "problem of production", but the specific factors inhibiting realization of production possibilities presented by the structure of feudal property structures that socialism views capitalism (or, perhaps more specifically, the change to the structure of property rights which enabled capitalism) as having removed.
> whereas capitalism is the legal framework of risk/return on investment designed to allow the owner of capital to maximize profit (or grow capital).
Enabling capital owners to maximize profit is a very specific preference in how production and distribution in the presence of scarce resources should be prioritized. Yes, its what capitalism is about, to be sure, but it is simply not true to say that this somehow supports the point that capitalism is not about production.
Insofar as that is true of socialist theory (its an element of Marxist historical perspective), it is not a general "problem of production", but the specific factors inhibiting realization of production possibilities presented by the structure of feudal property structures that socialism views capitalism (or, perhaps more specifically, the change to the structure of property rights which enabled capitalism) as having removed.
> whereas capitalism is the legal framework of risk/return on investment designed to allow the owner of capital to maximize profit (or grow capital).
Enabling capital owners to maximize profit is a very specific preference in how production and distribution in the presence of scarce resources should be prioritized. Yes, its what capitalism is about, to be sure, but it is simply not true to say that this somehow supports the point that capitalism is not about production.