As I have written many times: neither pure capitalism nor pure socialism serve a nation well. That which serves the average citizen best is a careful blend of the two. For instance there are areas of the economy where capitalism is down right terrible, and that would be health care as number one. A person’s heath should not be at the mercy of some private insurance company or private hospital whose basic tenet is to maximize profits. Public transportation would be another area where the private sector is not well suited. Basically almost anywhere a monopoly is easily established.
Moreover, financial rules should be enacted that make it virtually impossible for the rich and powerful to buy up sectors of the government, starting with overturning the Citizens United case. So, yes, there is a lot of good reasons for socialism’s backlash against a predatory type of capitalism, a need to rebalance the system for the benefit of the many not just the few.
I’m thinking that hopefully the Trump administration represents the high water mark of predatory capitalism, the fever of capitalistic corruption breaking in an orgy of awfulness.