Man the US is the last giant standing. If the capitalists lose there, its game over. Before the events of the last few years I thought that maybe ultimately they were going to run to Israel or China if they lost the US. Both places are on shaky ground so probably not. If the US falls to Democratic Socialism, we could have a European style system across the entire western world. I hope to see it in my life.

Maybe that will be the lasting impact of Millenials and Gen Z: being a transition generation that finally kills this "unchecked capitalism" virus for enough time for humans to enter the next era successfully.

China may be a giant but those demographic issues will catch up to them so its really just the US thats the issue.

Very strange assessment. First of all Europe isn't democratic socialism. Its social democratic and in pretty much every European country the social democrats kicked out the socialists from the party or marginalized them.

By the actual numbers, social spending and so on, the US isn't that incredibly different from Europe. And Europe is by any definition capitalist.

And the US has plenty of regulation, so its not really unchecked, its just differently checked.

> finally kills this "unchecked capitalism" virus for enough time for humans to enter the next era successfully.

This is just incredibly simplistics marxist 'stages of history' thinking and almost completely useless. If the US adopt European regulation we wouldn't 'enter a new era'.

Yes what the Bernie people are proposing isn't really a 1:1 match of what Europe has. Thats too ambitious and only a small percentage of the left even believe we can strive for that. The rest of the progressive left is thinking smaller because they feel that some progress is better than nothing.

>By the actual numbers, social spending and so on, the US isn't that incredibly different from Europe. And Europe is by any definition capitalist.

Do you live in the US? The US is the worst of all worlds, spending (ie taxes) similar to Europe in many respects but the value is extracted at many layers along the way so the results are nowhere near what Europe can produce. Just look at the outcomes from healthcare, education, infrastructure etc.

>And the US has plenty of regulation, so its not really unchecked, its just differently checked.

You are just describing a symptom of the overall problem. Regulation is a tool that can be used incorrectly to further the goal of unchecked capitalism. Example: NYC elected a Democratic Socialist recently and he talks about corner store small business owners having to deal with extra permitting and regulation that affects them more than bix box stores because every little expense hurts them more than the big guys, this naturally leads to the small business more likelihood of failing when competing with the big guys. Its regulation weaponized due to corruption.

>This is just incredibly simplistics marxist 'stages of history' thinking and almost completely useless. If the US adopt European regulation we wouldn't 'enter a new era'.

ok. We've tried everything else and its failing. So there are really only two directions. We either try to check unrestricted capitalism or we just accept that the old way of living that we all went through will not be coming back ever and it was just a footnote of history.

Capitalists already lost. What republican party created is crony highly corrupt capitalism - that does not create competition but will make US look kind of like south america or russia.

USA is on the path to oligarch run fiefdoms and not capitalism in its original sense.

What you are describing is late stage capitalism. A result of the current unchecked capitalism we have. The Bernie wing is really just proposing checked capitalism. We are just returning back to the roots of the country where asset owners were the elites and they owned everything. The last half century was more of an exception....so i'd argue the capitalists won big. Will we manage to pull things back to the mean? Ask me in 20 years.