What happened in the recent years that led Egypt to the present situation has nothing to do with Socialism and almost nothing with Islam.

Egypt was governed by a dictator who clearly thought about some kind of hereditary descent, ie his own son.
Not to say that everything that Mubarak did was wrong. Maintaining the state-of-peace with Israel is absolutely vital and he was one of the most supportive leaders for that.
But...
At some stage he seems to have thought that Egypt was his own property, which led to
'voluntary contributions' (politically correct for 'corruption') the amounts of which were not used for the country.
All governments knew that. But they were fearing that some Islamic extremists would take charge... and Mubarak told them "I am your only barrier against that", and so all governments looked blindly at the situation of a country where the rich always get richer and the poors always poorer WITH NO HOPE to get richer themselves.
The first step that we have seen in Tunisia, where the situation was quite similar (in fact, worse) and where the people revolted and there was no Islamic activism as such (ie, of course there were islamic and muslim people in the protests, but they were acting as a "global people").
Same seems to have happened if Egypt, where the Islamic movements are more active in the protests because they are more present in everyday's life.

Now, of course we have to watch what will happen after that. Who will benefit from these protests is not clear today.

A year ago I'd have thought differently, but now I honestly believe that Glen Beck clearly sees islamic socialism for what it is. There is however one other person, I've recently discovered who is perhaps even more passionately informed. Her name is Bridgette Gabrielle. She grew up in Lebanon when it was a free, democratic, multi-cultural and tolerant place. Bridgette is the most authoritatively informed individual I know of regarding islamic world politics. She's written several books that have really opened my eyes about islam's destructive role in world politics. She has chronicled thousands of dates, and a litany of factual objective stats on the 100 year old covert mission of the Muslim Brotherhood. More than any other author of whom I am aware, I believe she is both qualified and willing to tell an uncomfortable truth that must be told.