I’m beginning to think nobody (at least not progressives) should use the word “socialism” any longer. We should replace it with the word “humanism.” This way it’s easier to point to the most important distinction between the two. Capitalism is concerned with capital, i.e. profit/money/wealth/things. Humanism is concerned with humans. Capitalism exalts things over everything else unless there’s a huge regulatory environment seeking to ensure capitalists don’t overreach. Humanism exalts humans over things, and seeks to ensure everyone has the basic things (shelter, food, clothing, healthcare, education) to become a fully realized, contributing member of society.
I know humanism is used differently, but socialism has been saddled with this connotation of authoritarianism, and too many people don’t see the difference between economic systems and systems of governance. Using the word humanism puts emphasis on who we want to benefit from our economic activity … the pipples.