I will admit;
Socialism, can work...sort of...well, best that socialism can work anyway.
But it harps on this theory I've yet to fully develop that only a people who are mature enough and responsible enough to handle a massive welfare state can make socialism not fail miserably or result in a massive genocidal blast like it always has in the past. That those who can resist the human nature-impulses to go on the dole, and instead voluntarily work and pay high taxes so others in society may have free health care, education, etc.
And the best metric that I've found that measures the "maturity" or "responsibility" of a culture is the Corruption Index put out by Transparency International.
Notice the countries that are socialist AND have the best scores for Corruption (ie-Scandinavian and Nordic) also have the highest standards of living in Europe. In other words the Danes are much more responsible and are loth to abuse government programs, than say, the Italians.
This results in the average Dane being able to enjoy an average GDP per capita of $34,600 and public debt of GDP of only 37%, while the average Italian only makes $29,200 per person and has abused the good-intentions of the government to the point it has debt equivalent to 107% GDP.
Of course though, I have faith not in Scandinavian culture, but human nature for the long haul. And while it may last for a little while longer, natives in these countries will become spoiled, immigrants without those honorable Scandinavian values will move in there, and it will inevitably fail, perhaps more spectacularly than the average socialist economy, ending up in what it always does; massive genocide.
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