Socialism is alive and well, and still misunderstood ... the worst thing that ever happened to socialism was the Russian Revolution, which installed State Capitalism, esp. under Stalin, rather than socialism or communism. Socialism, in some form, is at the core of many religions: it is hard to read the teachings of Jesus without socialism coming to mind .... I think that what concerns you is regional inequality, and the inequitable distribution of the national wealth. These inequalities are more apt to increase under political parties to the right of center. It is strange, but in a democracy the hardest sell for any active socialist, is to convince the poor that they have the power to change the way things are, not necessarily tho' revolution, but by means of the ballot box.
Unfortunately, the poor are too busy trying to make a go of it. They don't have the time or, many of them, the education to sort thro' all the bs that comes out of Whitehall .... or Ottawa for that matter.
I would argue that political parties have to recognise the growing gap between rich and poor, and do something about it, because in many parts of the world govts. are sitting on a powder keg. And they don't realise that the fuse may already have been lit.
