Socialism is more effective at poverty reduction and ensuring the meeting of basic needs than capitalism

Commodities are produced for exchange, under capitalism, and decisions as to the production and distribution of commodities are made in accordance with maximum profit as opposed to maximum social benefit.

Fallacy Of False Cause

You assume that the generation of maximum surplus (profit) is a cause which precludes maximum social benefit. A case could be made that maximum social benefit requires first the attaining of maximum surplus. Profit is simply 'maximal surplus'. It is ideological to assume that conducting an action with the most bountiful surplus being achieved is a route towards guaranteeing poverty (the eradication of poverty must be met by surplus).

Socialism is more effective at poverty reduction and ensuring the meeting of basic needs than capitalism

When the workers own the means of production, they can ensure that they are not marginalized and forced into wage slavery.

Prejudicial Language

'Marginalized' and 'forced into wage slavery' are highly charged emotive ways of stating what you believe is one of the obstacles between the workers and reducing their poverty. Capitalism does not 'force into slavery' these workers to practice sub-standard education, arguably a greater antecedent cause of a poverty trap.

Socialism is more effective at poverty reduction and ensuring the meeting of basic needs than capitalism

When the workers own the means of production, they can ensure that they are not marginalized and forced into wage slavery.

Joint Effect

Workers can ensure that they are not marginalized and forced into wage slavery under Capitalism. The underlying cause of what you would class as wage slavery is low quality education systems - currently identified for example in the United States as the Public School system, despite the highest socialist-type dollar spending per pupil on average than any other western nation. Private skills gaining organizations with little State interference would be a good case for a replacement to attain access to robust education.