The world inclines to Socialism because the great majority of people want it. They want it because they believe that Socialism will guarantee a higher standard of living. The loss of this conviction would signify the end of Socialism. (462)It is true the world still inclines for socialism--even though they believe that it will not guarantee a higher standard of living. The reason is despite the fact they know that socialism does not work in practice (economically); they still believe it is the right thing to do in theory (morally).
From Von Mises' Socialism: