Nobody is saying socialism is inherently bad here. The Nordic model, for instance, still has a free market means of production. Socialist safety nets are fine.

Venezuela has for years had a full-on centrally planned economy with the state setting the prices for goods independent of their costs of production, all as a tool to continue winning electoral support from the poor. That is a very, very nasty aspect of a socialist system, which is avoided by successful socialist nations.

Edit: This was meant to be a reply to the parent comment.