Late Stage Capitalism
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It's also much easier to cynically dismiss all proposed solutions, which is the path you've chosen. The things you mentioned before - free healthcare & strong social safety net - have only ever been implemented because people dared to dream bigger. The New Deal in the US was advanced in response to revolutionary socialists as a means of appeasement. Without the international socialist movement we would not have gotten the short break from unfettered capitalism that is now coming to an end.
In addition, it's a gross oversimplification to characterize the revolutions that established the USSR and PRC as total failures. No serious student of history considers these in isolation from the context of what came before. Though flawed, the first socialist states were a marked improvement over the oppressive Tsarist regime and chaotic rule by several Chinese warlords.