Socialism is only temporary. It is not a sustainable situation, as Europe and Japan are finding out. Once the debt load becomes undoable, that socialism either morphs into dictatorship or the country is renewed.
The Socialist Party candidate for President of the US , Norman Thomas, said this in a 1944 speech: “The American people will never knowingly adopt socialism. But under the name of liberalism, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” He went on to say: “I no longer need to run as a Presidential Candidate for the Socialist Party. The Democratic Party has adopted our platform.”
“The problem with socialism is that you eventually run out of other people’s money.” ~~Margaret Thatcher