What is the failure you're talking about?
Take your pick. (UK figures)
Third generation of entire families on welfare.
Number of employed people: 23million
Number of unemployed people: 2.5m
Number of people who have never worked a single day: 1.5m
Number of young people who have never worked a single day: 600,000
It doesn't take a genius to see that the trend is to a larger and larger unemployed base.
There are 23m people employed on a population of 62m. Those 23m must be supplying enough wealth creation each year (and I'm being generous and not subtracting the public sector) to keep themselves and the remaining 39m in sweeties.
Proportion of UK GDP that is government spending: 52%. Have a think about what it means when the government is spending more than 50% of the total wealth generated by the country.
Then add in the fact that they are then borrowing on top of that 52%. More bizarre: with complaints at the severity of government cuts from all quarters, spending and borrowing are higher now than they have ever been.
The UK is not alone in having figures like this. None of which are sustainable. They weren't even sustainable when the economy was in good shape. Disaster is coming, and it is only the socialists who think the answer is to spend more and more of other people's money. The top 1% of earners in the UK supply 25% of the tax revenue; the top 10% supply 50% of total tax revenue and the answer is to tax them more? Fantasy land.
Adam Smith pointed out nearly 300 years ago that (in aggregate) no man can consume more than he produces. Over the next few years the western world is going to have a practical reminder of this lesson.
We have more debt, less education, worse health, less freedom and lower social mobility than before the socialists got control of the chequebook. By which criteria would this not be counted as a failure?