True socialism includes a centrally planned economy and having the means of production owned and operated by the government. That's why the USSR may have been Communist in the sense that it was ruled by their Communist party, but the actual economic model was socialism.
Meanwhile, true capitalism has not existed in a long time and the current systems in the US and Europe are socialized capitalism, but as long as the economy is market driven and the means of production are owned and operated by private entities, it is not true socialism either.
What has changed is the degree to which that socialized capitalism is socialized, and at least there we can say that socialization has helped build up the middle class, while deregulation is tearing down the middle class again.
Excuse the nitpicking 
Edit history
Recommendations
0 members have recommended this reply (displayed in chronological order):
= new reply since forum marked as read