I've always held the view that if we adopt a Socialist(as opposed to a "liberal" Capitalist system), we will all be worse off financially than we are now.
That does not take into account that Western Capitalism is in decline and even if we retain the status quo we will certainly get much poorer, without the positives of proper nationalised services.

Furthermore, the two options above are not really options at all, as we are being systematically deserted by Capitalism...All investment is moving to the East, that was always the purpose of globalisation. The corporate Capitalists realised long ago that the Western "liberal" democracies were no longer able to compete ...and acted accordingly

I feel very sorry for our young people, whom I see stacking shelves and collecting shopping trolley's most of them quite well educated and intelligent, but bereft of any sort of future.

Socialism could provide that future though it would not provide many millionaires....but the right would always cry about personal freedom and the useful idiots of the "liberal" left would cry Fascism and minority rights.   

Meanwhile the shelves will be stacked while the food is available and the rumble of the trolley wheels will be a requiem for a lost generation.