Generate text that refutes this claim: Even the leaders of the Left have given up on Socialism as a creed and have now accepted the vast majority of modern Capitalist principles  Even the leaders of those European political parties that still call themselves socialist tend to avoid the word. Broadly speaking even the leaders of the left- outside Cuba and Colombia- accept the basic principles of Market economics and recognise that high-tax, high-spend economics simply does not work.  Like it or not borders are now open and the idea that the state can control the flow of capital is a thing of the past. As a result people generally are richer and the idea that there a solid class block is simply no longer relevant to their lives.
political philosophy politics government society house believes socialism dead
Remembering that those states that dashed after the illusory prize of low taxes and deregulated banking are currently only being propped up by the ratings agencies should give politicians around the world- both radical and conventional- something to think about. However, even the most casual wander around the blogosphere makes clear that the principles of market economics are a long way from being universally agreed.  The intellectual recovery from the assault posed by Thatcherism and Reaganomics has taken time but is certainly taking place and it is increasingly the Right that appears intellectually bankrupt.  Organisations like the New Economics Foundation are approaching old problems in new ways alongside a whole range of popular movements – environmental, youth led, immigrant led and others. The fact that modern socialism has as much to do with the industrial struggles of the seventies as it does with the Spanish Civil War in the thirties should really come as no surprise.