Introduction: Socialism is the organization of society where the public runs businesses and everyone gets an equal share. (Apollo Group, 2009) The idea behind a society working under the rules of pure socialism provides the idea of an almost utopian society. Everyone is treated equally no matter what they do. Everyone knows they each have a role to play in a larger machine that would cease to function without people doing their parts. However, innovation would be stifled, people would be more inclined to keep the status quo, and the people get what they need without having to do extra effort. This in itself is not a feasible way for a society to live, simply to exist and never truly thrive. However, with a capitalistic society where advances are rewarded, individuals and businesses would push ahead due to “the attraction of better wages” and “the hope of profits” (Heilbroner, Milberg 2008 p.29) With any risk, there is the possibility of failure and this is where socialism practices can find a spot in the capitalistic society to aid those who fall and need a hand to get back up and moving again. Some socialism practices can even keep out of control capitalistic actions in check that could damage the economy. In 2008 it is estimated that 2.6 million jobs were lost due to poor economic conditions. (Goldman, 2009) No one exact cause can be pointed to and blamed for the sudden economic collapse in the United States. There are many issues that came together to form a financial perfect storm. Banks were taking large risks by over extending credit to individuals that were high risk, large investments were put into the housing market and expected to make large returns as urbanization continued to spread outward from cities and greed was overcoming individuals in brokerages, banks financial institutes and the automotive industry as they continued be lavishly rewarded