Yeah. Haven't followed this thread closely so someone else might already have made this point, but the following occurs to me: First the conservatives loudly decried the bailout as socialism, but then the Republicans voted for it. Then it was loudly declaimed that BHO is a socialist and yet the electorate will probably vote for him. Meanwhile, capitalism is flailing so egregiously that it has elicited much mainstream discussion, reminiscent of the brief flurry of "Was Marx Right?" commentary around the 1998-99 crisis - only this time things are much worse and will continue to get worse in the medium run. In France, the discourse right now is very much about calling into question the legitimacy/stability of capitalism "as a system," though still of course disconnected from any notion of systemic alternative. (Both in France and Germany right now, new, explicitly anticapitalist parties are running almost even in the polls with their flagging mainstream center-left rivals (as in France) or as the biggest of the non-governing parties (Germany)) In ideological terms, it seems as if much preparation is being - inadvertently - laid for some sort of rehabilitation of the term "socialism," only, for now, more as a sort of free-floating signifier without any fixed referent.
Seth