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It is over, one way or the other. Europe is also seeing neoliberal politics collapsing, since Pax Americana is over, and being a slow and steady parasite and passing all the hardship to the working class does not work when "other people's money", meaning the capacity of the public, runs out.
The question is whether our dear oligarchs realize that the only way to keep the current system where they are safe is to give power away and transition to something of a social democracy, like in the 50-60s West, otherwise it will be torn from them by a violent dictatorship where they might not even keep their lives.
Good thing they're not known for being greedy and overconfident....
Well, in most authoritarian countries they are also very well known to be bad around high windows, or liable to get lost for at least a few years after trying to go up against the ones with real power. When norms go out the window, shit gets real for everyone, not just us poors.