True, socialism made some big blunders in the past (but it does not mean capitalism is error-free). But socialism gave several successes too. There is a need to reorganize our economic setup and embrace socialism. The mistakes and blunders etc. of the past must not be repeated. For example, there should be a rule something the United States has (a President can serve for not more than two terms). And the powers of head of a country should also have reasonable limits.