What would happen if we gave up our pretense of "traditional American values" and admitted, as a culture, that we are socialist, have been socialist since the late 1800s, and are likely to become even more socialist in the future? The most socialist beneficiaries in the country would go ballistic, for starters. Bankers and investment firms would fight this acknowledgment because it would threaten their pretense of capitalism. Banks simply borrow money from the public and loan it to the public at elevated interest rates. If we admit that banks provide no useful or necessary service that a national bank couldn't do better, thousands of inflated corporate executive salaries would disappear in a puff of logic. Financial speculation offers nothing but a lottery system slanted to benefit insiders, but if we decided to drop government support of that farce we call the stock market, more puffed-up salaries would be jeopardized and acres of propaganda would be generated to try and convince a gullible public that "you need us to keep your something for nothing fantasies alive." A significant portion of manufacturing in the United States is intended to provide products requiring government support or outright purchase. Most of our military-industrial exports depend on associated government military grants and loans to the "purchasing" country. The auto industry requires government to build roads for their vehicles to travel. The entire medical products system (drugs and devices) depends on Medicare and Medicaid for paying customers.
The historic problem with actual socialism is that someone needs to do real work: grow food, build housing, fix broken stuff, and all of the actual production required to feed the inept and unnecessary bureaucratic masses. An obvious requirement of a successful socialist state is population control, but the usual way they mismanage that task is through wars and terrorism and purges and genocide. Maybe an honest socialist state would admit that the patriotic bullshit they usually spout is a cowardly way to get around population control. Maybe pigs will fly out of my ass and trees will grow golden apples.