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I doubt most people could even properly explain what "socialism" actually is. Or "communism" etc.

In practice, the term is being used so inconsistently, arbitrarily and wrong that most people think that it's about the same as "communism". And even if they knew absolutely nothing about communism, they'd know that "capitalism" is good, "communism" is evil, so the same must apply for "socialism".

But these words have little real world relevance. Even America has never been a true capitalism, just like there was never a country that actually had true communism.