It is, the term for this type of system is called Social Democracy which is not a synonym for socialism, but people (Americans at least) confused and conflate the two terms to the point that they’ve become one and the same in the minds of many people who don’t really understand the terms or their origins.
It is, the term for this type of system is called Social Democracy which is not a synonym for socialism, but people (Americans at least) confused and conflate the two terms to the point that they’ve become one and the same in the minds of many people who don’t really understand the terms or their origins.