You are correct.
I am not sure if we are too far gone or not.
However, if there is one thing history has taught us, nothing remains the same.
Socialism (and central control over an economy) does not, cannot work. Like a dam holding back a powerful river, sooner or later that dam will give way and there will be a lot of destruction while the river finds its true route.
Our policticians (from both parties) will have a lot to answer for sometime in the future.
the only way for socialism to work is to break up the USA into regional governments (comisars?)
just wait that is next.