There's little-s socialism and big-s socialism. Social democracies like Sweden, etc., have social welfare systems bankrolled by an underlying market economy. A company in Sweden may pay high taxes, but it doesn't have to worry about being nationalized, price controls, or central planning: https://www.economist.com/special-report/2012/10/13/the-new-.... Capital will put up with high taxes. It won't put up with those other things. And without capital generating surplus to bankroll social welfare programs, your system collapses.