European Union is ‘on the verge of collapse’

I'm not sure if I could call a billionaire a socialist, from what I heard about him (locals when visiting Hungary) he doesn't exactly care about the working class.

Worth noting that the current form of Capitalism being implemented isn't any better.

The profits are ours. The losses are everyones. (As evidenced by the Too big to fail doctrine)

Every business has the right to fail; especially really large corporations. They should be allowed to do it often so that better run, more efficient smaller businesses get the chance to grow in the gaps left by the failures.

Some elements of the economy seem to work much better when socialised. Utility supply being one.

Power and Water supply are not suited to being run as private businesses. They should always be owned by Government who should supply them at a fair flat rate to all businesses and consumers. Privatisation of power in my home state in the late 90's (a large part of it now owned by a Singaporean billonare) has resulted in major price rises and which have smashed private businesses. www.adelaidenow.com.au/news/south-australia/sa-power-networks-owned-by-billionaire-li-kashing-makes-four-times-more-profit-out-of-us-than-its-uk-group/news-story/d00954c420ee1173a7549360eac879b7

If Government still owned it ... it would not have to be ineffectively 'regulated'.

Also worth noting that the original Nationalisation of Electricity supply here was acheived by The Playford Liberal Government in the 40's (US equivalent of Republicans) and made SA the best state in the land for setting up business. indaily.com.au/opinion/2017/01/18/playfords-lessons-in-power-for-the-current-sa-govt/