of course socialism is alive in the US..
Only have to look at how the Eisenhower govt built the interstate hwy system...
big business just looked on in support (this is only a few years after the big automakers were caught dismantling many of the large intercity tram systems.. so that everyone had to buy a car in live in the burbs)
but if govt. has no place in business - which has been a keystone of the republican policy - it certainly has no place in bailing out banks, or too big to fail INSURANCE companies whose expertise is SUPPOSED TO BE RISK ASSESMENT.