No economic system cannot survive without socialism. America's economy is operated by the capitalism, but in this country, it implement socialism to stimulate cash flow. Without government's subsidies small businesses wouldn't be able to expand, low-income people wouldn't have the finance to pay for their college tuition, and healthcare and education will be only available to the rich, and other programs that are essential to our every day life wouldn't exist. I our nation would have completely fall into a shythole if it had relied on pure capitalism.