This isn't Socialism, it's regulated Capitalism, akin to the Nordic Model.
"OK, so let's implement their policies."
"No, that's socialism!"
(cribbed from a meme; https://twitter.com/pty/status/1109687920938541057)
No, that's not true. For example, the Heritage Foundation: https://www.heritage.org/progressivism/commentary/the-myth-s...