We will have bigger bureaucracies bigger labor unions and bigger state-run corporations. It will be harder to be an entrepreneur because of punitive taxes and regulations. The rewards of success will be expropriated for the sake of attaining greater income equality.
I'm afraid that this is me getting on my high horse now but we have yob television yob newspapers and funny enough whereas it was my mum and dad school police church who used to set the standards now it's tabloids and yob television who set the standards by which people live.