I'm convinced the vast majority of people use the terms "capitalism" and "socialism" to mean whatever is convenient in the argument they are having. Capitalism

I'm convinced the vast majority of people use the terms "capitalism" and "socialism" to mean whatever is convenient in the argument they are having. Capitalism and socialism are about ownership of the means of production. While most economies are mixed. Nations typically associated with "socialism" like Sweden and Denmark are mostly capitalist. Nations like Bolivia and Venezuela are the ones that are actually mostly socialist. It's entirely possible to have a highly redistributive capitalist country, with a strong social safety net. It's also entirely possible to have a socialist country with extreme wealth inequality and a terrible social safety net. It just depends on how things are structured.