I disagree with your premise. We do not have socialism per se. What we have is something even more sinister — corporatism.
http://97.74.65.51/readArticle.aspx?ARTID=22594
http://www.realclearmarkets.com/articles/2009/04/obama_and_the_reawakening_of_c.html
‘Twasn’t my premise, it’s what the liberals tend to say.