Just to throw out scenarios (as is my wont nowadays) - there is a decently reasonable scenario out there in my mind whereby the present form of European/US socialism is fundamentally destroyed/altered by the culmination of present economic events. I actually don't think it can last *that* much longer anyways - present events are just pushing forward the event horizon, so to speak.
As to what will replace it, I have no clue. Could be something more "capitalistic" or something more "socialistic" or something completely outside these boundaries...
Wait a minute.... are you saying there is at present a form of "socialism" in the US or Europe? Where is this thing, it seems to have vanished all together?
I apologize because, quite frankly, I didn't describe it properly.
There are forms of socialism both in the US and Europe right now most assuredly - you see I tend to think of these things as variable scales, so when I say socialism or capitalism, I am likely referring to some part of the system that I view as being such even though it may only be slightly more capitalistic than socialistic or vice versa. Let's not get more complicated than that, for now.
Anyways, the avenue of US/European socialism that I am discussing when I said the above is the vast level of "social safety nets" present in both areas. Namely, things like SS/Medicare/Medicaid and the military in the US (yes the military is a part of a "social safety net"), alog with national health care programs, welfare payments and the like in Europe and pensions in both.
Wages also fits somewhere here, but I feel more confident about the impact on wages than I do the above, which is more of a scenario than anything else.
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