Sure, but how much of that is down to the socialist things i listed, and how much is down to Wall street? Even if you believe mostly the latter; The success of the financial services of Wall St and private enterprise in the US is a direct result of socialist policies. Can you imagine any of this success without socialist schools? can you imagine any rule of law with a private police force?
If a country is too far socialist or too far capitalist, the result is the same; the few gaining great power and privilege, while the many are powerless and suffering in poverty. Its obvious that a balance is needed, socialism can be very good at leveling the playing field for basic necessities, while regulated capitalism can be good at distributing power hierarchies while remaining fairly efficient.
The problem i see us facing right now is that capitalism has had a lobby on political power for fifty years and is preventing this balance, substituting its own power-wealth hungry pseudo-balance. This is why we have difficulty dealing with climate change, and why places like the US are struggling with a universal health system, or why the UK is dismantling theirs.
If a country is too far socialist or too far capitalist, the result is the same; the few gaining great power and privilege, while the many are powerless and suffering in poverty. Its obvious that a balance is needed, socialism can be very good at leveling the playing field for basic necessities, while regulated capitalism can be good at distributing power hierarchies while remaining fairly efficient.
The problem i see us facing right now is that capitalism has had a lobby on political power for fifty years and is preventing this balance, substituting its own power-wealth hungry pseudo-balance. This is why we have difficulty dealing with climate change, and why places like the US are struggling with a universal health system, or why the UK is dismantling theirs.