Within the [[European Union]], a form of [[democratic socialism]] was initially viewed as successful, but eventually lead to lowered social equity and a downward spiraling economy, as well as general discontent. Although this acts as a drag on the economy, in democratic countries of the industrialized west, some socialist ideas have been put into practice with varying degree of success. Beginning in 2010 many European countries were racked with rioting and social unrest as governments began to back away from out-of-control entitlements that began bankrupting them and lead to a world financial crisis because of unrestrained debt. <ref>[http://online.wsj.com/article/SB10001424052748703791804575439732358241708.html WSJ; "Obstacle to Deficit Cutting: A Nation on Entitlements"]</ref> <ref>[http://news.yahoo.com/s/ap/20100929/ap_on_bi_ge/eu_europe_austerity_protests_10 Anti-austerity protests sweep across Europe]</ref> <ref>[http://www.allbusiness.com/economy-economic-indicators/economic-policy-bailouts/14758032-1.html "Debt crisis pushes Europe toward economic reforms"]</ref> | Within the [[European Union]], a form of [[democratic socialism]] was initially viewed as successful, but eventually lead to lowered social equity and a downward spiraling economy, as well as general discontent. Although this acts as a drag on the economy, in democratic countries of the industrialized west, some socialist ideas have been put into practice with varying degree of success. Beginning in 2010 many European countries were racked with rioting and social unrest as governments began to back away from out-of-control entitlements that began bankrupting them and lead to a world financial crisis because of unrestrained debt. <ref>[http://online.wsj.com/article/SB10001424052748703791804575439732358241708.html WSJ; "Obstacle to Deficit Cutting: A Nation on Entitlements"]</ref> <ref>[http://news.yahoo.com/s/ap/20100929/ap_on_bi_ge/eu_europe_austerity_protests_10 Anti-austerity protests sweep across Europe]</ref> <ref>[http://www.allbusiness.com/economy-economic-indicators/economic-policy-bailouts/14758032-1.html "Debt crisis pushes Europe toward economic reforms"]</ref> |