"To secure for the workers by hand or by brain the full fruits of their industry and the most equitable distribution thereof that may be possible upon the basis of the common ownership of the means of production, distribution, and exchange, and the best obtainable system of popular administration and control of each industry or service.
I think that people, in the West, have decided that the form of Capitalism we have is the "best obtainable system". Note: obtainable. This is an imperfect world, after all. I think you can say of Capitalism what Churchill said of Democracy.

Pournelle's Iron Law of Bureaucracy: In any bureaucratic organization there will be two kinds of people: those who work to further the actual goals of the organization, and those who work for the organization itself. In all cases, the second type of person will always gain control of the organization, and will always write the rules under which the organization functions.

Thus, the organization which may once have been intended to further the goals of, say, securing for the workers the full fruits of their industry eventually morphs into an organization whose goal is self-preservation.

Apply that to state ownership of the means of production and you get, Rover, Triumph, Jaguar, and other State owned industries driven right into the ground by the State. The workers are now unemployed, the corporations are either moribund or owned by Americans or Chinese. That's what Socialism (in the Real World, rather than in theory) led to.

The voters saw this, and voted accordingly.

Earth First!
_{(We can strip mine the rest later.)}