Arnold Schwarzenegger calls for state welfare to be ended in California

All around the world people are waking up to the fact that socialism doesn't work.

CALIFORNIA Governor Arnold Schwarzenegger has compared his state's financial crisis to that of Greece and called for scrapping the state welfare system to close a $19.1 billion budget gap.

He said the US state, with an economy that ranks as the eighth largest in the world, faced the same budget deficit crisis as eurozone countries such as Greece, Spain and Ireland.

Last century saw the defeat of communism. Will we see the defeat of socialism this one?