>>509761859what you are calling socialism is just welfare capitalism
socialism is collective ownership. capitalism requires welfare because capitalism requires unemployment and lower classes so that it has leverage bargaining with labor. so in capitalism a certain number of people need to be poor, homeless, desperate. In a more advanced capitalist society those people are given good welfare to keep them happy and nobody revolts. In such a society things do improve for everyone as the motivation to climb up is not survival but increased luxury.
However, as we see, the standard of living is actually on a decline now from where it was a decade ago. The writing has been on the wall for longer but we had built up such a buffer it was consuming it. We see this first with the growing housing costs and increased rent. This really cut in to peoples spending and started forcing things like increased shared dwelling and people moving back with their parents/never leaving home. This was temporarily stable because of the built up wealth buffer, but it was being consumed.
The current real unemployment rate (all non employed working age adults, also counting people who have 'given up') is nearly 25%, and people are not hiring. Pair this with the big beautiful bills work requirements for snap and medicaid which moved in under obamacare expansions to help shore up the increased unemployment, and a big crisis is on the horizon.
In order to prevent it they would need to do a lot in the next year or so to create tens of millions of entry jobs so people are guaranteed employment if they want it. But i dont see anyone having a plan for this other than 'tax cuts will just fix it'
