so what is exactly wrong with socialism?

[idwiyo]

110. Soviet-style "communism" was not communism or socialism.

http://en.wikipedia.org/wiki/Socialism

Socialism is an economic system characterized by social ownership of the means of production and co-operative management of the economy. "Social ownership" may refer to cooperative enterprises, common ownership, state ownership, citizen ownership of equity, or any combination of these.

I am for combination of all of the forms of social ownership as listed above, and state ownership of
- healthcare (like NHS or Canada),
- emergency services (police, rescue, education, mail, etc),
- all main power utilities, but allow and encourage development of small scale private power installations with ability to sell to main power grid
- water utilities
- all natural resources

Excellent example of co-op ownership is described here:

http://en.wikipedia.org/wiki/Mondragon_Corporation

Electoral system based on Single Transferable Vote:

http://en.wikipedia.org/wiki/Single_transferable_vote

Law System based on Universal Human Rights, as in - any law that contravenes Universal Human Rights will be impossible to enact.