Socialism does not need to be regulated by a government. It’s a form of economy. However, we currently socialize many industries in a capitalist nation, and by socializing more industries, we can improve the lives of poor people at the expense of the wealthy, effectively keeping capitalism more equitable.
It's okay to be a social democrat, buddy, welfare states are perfectly acceptable forms of ideological liberalism.
One might even call it a step on the path to actual socialism. Someone should write a book about these transitionary states, perhaps leading to the eventual withering of the state entirely.
Weird idea, I wonder if there's literally millions of pages of thought on how to do that, or if some state somewhere just, like, didn't let individuals own factories and such
Then I hope you like eating dent corn. The US produces a fraction of its resources, addressing the economy with a full upheaval would inevitably deflate the US Dollar enough to destroy our import/export trade for quite a while.