" it buys them some time. But this time is running out now."

and what comes next?

Do you have an opinion of Universal Basic Income? Based on glances at its reddit forum, the proponents like to distinguish it as something different from socialism

UBI seems attractive to me; in fact I don't see any other way to maintain society as the downward pressure on employment becomes absolute. Socialism seems to be largely rejected and villianized in the West so I don't see it coming anytime soon.

A few quotes from Milton Friedman may resonate with some:

“Concentrated power is not rendered harmless by the good intentions of those who create it.”

“Indeed, a major source of objection to a free economy is precisely that it gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.”

“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”

“Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government -- in pursuit of good intentions -- tries to rearrange the economy, legislate morality, or help special interests, the costs come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.”

robertGL, socialism is already practiced in the U.S. fostered largely (but not entirely) by the Democrats in Washington. It's a matter of semantics and degree.

"Smart people need just to remember things they saw, stand, and look around, to understand how each and every of this quotes are incompatible to reality."

Friedman didn't state this is how things are, but rather how we'd be better off if they were the case. I personally agree with Friedman. Socialism, in my humble opinion, concentrates power in the hands of a government and it's officials who aren't really motivated by equity and efficiency. They only care about getting bigger, controlling more assets, dictating morality and lifestyle and redistributing said assets through inefficient bureaucratic channels to further their political power bases and accrue more dominance. Altruistic government is an oxymoron. Absolute power corrupts absolutely. ; )

All that said, the world has become increasingly socialistic over the past few decades to the point where there is no turning back to a purely free market economy. To me, the big question in the U.S. is whether the two seemingly contradictory philosophies can co-exist in a compromised way and operate together create a functional, long-term economy that's vibrant and growing? The jury's still out on that.

It may like trying to combine oil and water. You can temporarily shake it together through great effort and it appears to blend, only to separate over time.

This one was more as a response to your fine Lenin quote on Capitalism, but it fits here too in the sense or nonsense of how we work under the heel of today's globalized Financiers:

Behind the glorification of “work” and the tireless talk of the “blessings of work” I find the same thought as behind the praise of impersonal activity for the public benefit: the fear of everything individual. At bottom, one feels now when confronted with work – and what is invariably meant is relentless industry from early till late – that such work is the best police, that it keeps everybody in harness and powerfully obstructs the development of reason, of covetousness, of the desire for independence. For it uses up a tremendous amount of nervous industry and takes it away from reflection, brooding, dreaming, worry, love, and hatred; it always sets a small goal before one’s eyes and permits easy and regular satisfaction. In that way a society in which the members continually work hard will have more security: and security is now adorned as the supreme goddess. And now – horrors! – it is precisely the “worker” who has become dangerous. Dangerous individuals are swarming all around. And behind them, the danger of dangers: the individual.

-Friedrich Nietzsche

It is matter of complete mess in peoples heads and your head specifically. As to use words you need to understand meaning first.

Most Americans confuse socialism with a social welfare state.

I suggest to go from Friedman (3rd rate guy) pass Austrian guys

Clarify please, you're saying skip the Austrian guys? don't bother with them?

Austrian guys are smart. They catch people who become curious. And fuck their brain hard.