A very good post and subject. In this modern time socialism is not familiar to most people.
merrian webster is a great dictionary it gives accurate meaning of the word. They hold this view because they do not regard the capitalist state as the basic institution for the dictatorship of the capitalist class but rather as a good piece of equipment that can be used in any class interest to gain command over it.Ahy, the property that old affair.
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Society will still need only certain number of workers of each type. To get into some jobs you will need qualifications and skills that not every person has. Thus people will not always get the job they want and may end up doing some that are less desirable, but at least they do not face an income loss if that happens.