One advantages of having more than one political party is you have different perspectives and ideas on how to solve problems. One disadvantage is the different parties will have a hard time agreeing and solving problems because they will both think their right.
Whilst Liberalism is founded on ideas of freedom, equality and liberty. Social Democracy is the best balance of freedom and equality because it promotes social justice in a capitalist economy and a liberal democratic view. Also, communism has, historically, a poor reputation for freedom and equality. For example, China and North Korea are current communist countries and Russia previously was a communist country after the Bolshevik Revolution in 1917.
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A ur provided tax benefits to the wealthiest americans