In what events is the confrontation between socialism and capitalism most acutely manifested?

Capitalism is a form of economic organization of human society, which is characterized by private property, the use of hired labor, market relations. Socialism in its simplest sense implies public ownership of everything, an equal distribution of all public and natural goods for all people. The most famous manifestation of the confrontation between socialist and capitalist states is the “cold” war between the USSR and the United States.