Is the "wrong direction" the "right direction" for investors?

A common lament I hear from investors is that this country is headed "in the wrong direction", which is a euphemism for Socialism.

It's hard to quarrel with the premise. A recent cover story in Newsweek Magazine darkly proclaimed: We Are All Socialists Now. The tag line noted: "In many ways our economy already resembles a European one. As boomers age and spending grows, we will become even more French."

That has to be bad for investors, right?