we actually might be witnessing the death of socialism!

[Swing low, sweet chariot. Comin' for to carry me home.]

first Greece, Italy, Spain...then the entire EU...then the US...

will the West finally relearn the lesson that it is all about working and saving, instead of muching and going into debt?

I think we might be witnessing the beginning of such a transformation when people will again come to realize entitlements are nothing more than a deception robbing you of the confidence to be self reliant...and we will come back around to the understanding that working for a living is just that - you have to work in order to live.  There are no free lunches.

Social Security has fooled muliple generations into believing they dont need to save money, that someone outside of their own family will pay their way.  But they're about to find out that's not the case.

[Swing low, sweet chariot. Comin' for to carry me home.]

The story is pretty much what I got out of reading the CM.  The revolution is not an uprising but a transition.  Capitalism's demand for innovation lays the groundwork for socialism, much like the fiefdoms organized the class structure for the market economy.  Now is not the time for socialism, but it's coming so don't fight it.

yeah, I'm sure the current $100T in unfunded obligations is going to create room for more socialism.