Most of the world is not socialist. Unrestricted free markets are very much alive and well. Just look at countries like Somalia or the Congo or even Nigeria, there is basically no government regulations in these countries. It is ALL free market. There is no government assisted medical care like Medicare and Medicaid. Forget Obamacare. No food stamp program. No environment protection regulations, no social security, no consumer protection, no corporate or income taxes. It is everyone for him/herself all in absolutely no holds barred free market competition. Teabaggers dream about changing the US to just like these countries everyday.
Nobody cares if they call it fascism, socialism, or crony capitalism. You see, there are a hundred million people in this country who want cash to participate in stimulating the economy. A phone, food stamps and HUD apartment does very little except create a bigger wealth gap. If people are doing great, then they do better with a market like this. But for the rest, they do worse. It isn't working.