I will attempt to outline the difficulty i have understanding your use of the term socialist. Maybe then you can make it clearer for me.

I understand the financial pain much of the world is going through.
I just do not understand why the socialism label being attached to the problem. Here is why, I lived in New Zealand when it was what I think of as socialist (not communist) with a closed economy, full employment, free health care and a reasonable tax structure. Owning your own home was real easy. I can assure you it is nothing like that now lol
Over the last few years we have even seen a rapid increase in homelessness and people begging in the streets just about everywhere! You just never saw that except a few old meth's drinkers (not crystal meth) who lived in the parks around the Cities, the ones I spoke to were ex military guys, but I never saw them begging.