In comparative econ, it's still considered a flavor of capitalism.
For those of you who think in bumper stickers, just go ahead and tl;dr the shit out of this post. I have something to say. Anyway...
Yeah, you're right.
Democratic Socialism. The people, using the government (of the people, by the people, for the people) to ensure that their country and their freedoms aren't trampled upon by individuals in charge of the government, or individuals with wealth and power using corporate power.
If, and only if, they are informed citizens voting for representatives who have the peoples' interests as their interests.
Look, capitalism, as a monetary system, isn't going anywhere. It has essentially been around forever. And it'll exist, even in a...SOCIALIST country. Go to shithole Venezuela, and tell me there isn't all sorts of real life free market buying and selling going on. Because guess what, it is. Obviously.
Capitalism as a concrete, real economic system is one person having something to sell to someone else. Even if there was an actual UBI, where "poors" are paid to sit on their ass at home, there will still be market-driven entrepreneur "poors" working on something that they can either sell to individuals or the masses, to make themselves have more money/credits/company scip than their neighbors. And there will always be high-profile, high-paying jobs that reward those who are able to perform, that make taking a UBI a fool's choice.
Who wouldn't choose to do something they like, and enjoy, all while living much better than a "poor" collecting a UBI and watching god awful daytime television.
This divide in how people exist has existed and will continue to exist. Forever.
Socialism is a fucking scare word for conservatives like "assault rifles" is a scare word for libruuls. A phrase that has thousands of connotations and means different things, but is used to SHUT THE CONVERSATION DOWN RIGHT NOW YOU'RE EVIL AND HATE AMERICA.
Socialism, like it's done with our European cousins' cultures, is Democratic Socialism. Where corporations, the rich, and other organizations with massive amounts of wealth are HIGHLY REGULATED to make sure that those rich and powerful corporations/individuals/organizations aren't just using their wealth and power to control the government to write laws empowering themselves over the rest of the citizens of the country.
At least in theory. There are plenty of rich and powerful Europeans who wield their wealth and power for themselves, their families, and their friends. Even in -gasp- Democratic Socialist Europe.
Socialism isn't just a black or white concept. It's an idea. With many flavors.
There are essentially zero libruuuuls with any power or voice in this country arguing for USSR/Mao China/Venezuela Socialism. And when you find them, you'll find people shut out of power and virtually ignored by anyone with any power. Because unlike the right-wing, the left-wing in the US has no power and almost no representation. What, we got Sanders and Warren? Fuck, it's no problem to list dozens of prominent right-wingers in elected office still arguing for the dismantling of the modern government in favor of 1820s style anachronistic thinking that would destroy the very "capitalist" economy they erroneously think they are in favor of.
And, unlike modern US conservatism that has zero fucking models of successful countries operating the way their policy creates reality, US libruuuuls have dozens of western countries, in Europe and Asia, that they use as models for much fairer (scare word for conservatives!) economic systems for this large, diverse country.
Our modern country is obviously rapidly changing in economic and social ways that are exposing how inadequate our current economic and political system is at addressing the problems of the people.
I mean, even if you somehow, for some reason, believe that Strongman Trump is the right man for these times, then you should agree with the last sentence, regardless of your political thoughts on libruuul treason and whatnot. Right? No? Re-read it before you disagree. Why else elect a notorious narcissistic rich man to "make America great again".
My personal political compass location depends on what time frame you're using. Right now, my pure political preference is for anarcho-syndicalism (hence my inherent distrust in any hierarchy, and my vigilance of authoritarianism and fascism, ala my avatar). But, realistically, the closest option I have is the US Democratic party, which is way to the right of what is actually NEEDED for the objective observable reality on the ground that we're living in.
But, long term, assuming our species doesn't poison the planet and kill ourselves out of petty differences, I'm a small-l libertarian (which is not even close to a capital-L Libertarian of the US variety who are political toddlers). Small-l libertarians, on a long-term scale, think that everyone being their very own government is probably the best version of society/culture possible. That said, small-l libertarianism requires the human species to come together to advance science enough so that we can actually live as small-l libertarians. Which requires that we're not all stuck on the same fucking rock hurdling through space subject to the whims of the richest, and typically, most heinous individuals, who don't mind everyone else living in squalor, outside the gates of their estates.
Small-l libertarianism is actually, to some extent, way to the left of anarcho-syndicalism (which is people working together because they have to, in order to have a functioning species-wide economy), which is way to the left of the US Democratic party, which for all intents and purposes, relatively, is center-left at best, and half the time, center-right (because the US Democratic party is the only big tent party).
Which is why it's so hilarious to listen to right-wing authoritarians trying to paint the center-left to center-right Democratic party as communists. Absolutely hilarious, for anyone who understands the labels being thrown around.
So, yes. Agreed.
Democratic Socialism is a "flavor" of capitalism.
But free-market capitalism is only functional when there is physical space and physical resources that can be acquired free and clear (arguably free and clear. Fucking face it, the US government committed genocide in order to acquire the US land and resources through l̶e̶b̶e̶n̶s̶r̶a̶u̶m̶ ManifestDestiny™ from the natives). If we wish to keep this planet habitable, and we don't want to outright murder a large majority of the population to take their land and their resources, then "free market" capitalism is essentially over, and we need a much better system to adapt to objective, observable reality. Hello? Democratic Socialism. Hello?
And once we've developed the science and technology that individuals can live off-planet, then we can all be happy small-l libertarians, acquiring resources that don't directly belong to other individuals or societies, to use in an economy with other individuals who are free of extra-corporeal government control. To finally live as individuals given equal opportunity to live freely, by pulling up those ol' bootstraps and working because it's necessary to work to support yourself. Sound familiar?
But, all of that requires that you have the critical thinking and historical perspective to reason beyond Masters Limbaugh, Hannity and Gingrichs' talking points designed to scare and intimidate you (third person) into SCREAMING AND YELLING to shut down any conversation about objective, observable reality, along with history.
Democratic Socialism is the necessary next step in civilization. Full stop.
Yet, state governments and the Federal government, are attempting to double-down on 100+ year old political and economic policies that have been CONTINUALLY FAILING for the past 50 years, because, uh, Make America Great Again. Again being the key word. There is no going back to what the world existed like 100+ years ago.
Adapt or fucking die. And our civilization is in control of people who are ok with dying, as long as they don't have to adapt. What a terrible god damn position to be in. But here we are.