A century and more of propoganda in the US has led to the perception that any regulation or check or balance on the private sector is socialism.

The average American is extremely brainwashed from a young age and is mostly incapable of questioning their presumptions on this. They're trained to happily lick the boot of their Epstein class and accept the status quo. Only a few break out of the trance in their lifetimes, that is, if something breaks the cosmic cycle of production and consumption they live by.

Hopefully for theirs and the world's sake the pendulum will swing back hard and they will embrace some type of spiritual successor to FDR / an American born version of Zohran Mamdani to run the country.