That depends on who's using it. Are you ok with the definition presented here (Democratic Socialists of America)? Because that scares me plenty.The current use of the word socialism is nothing more than a pejorative.
I oppose that as well. But I don't want to replace it with government control of the economy. That's too much power held by the state.What they and the left are opposing, IMO, is Plutocracy; a system of government and governance by the wealthy, i.e. corporations and those who benefited from the tax fraud which eliminated the top two tax brackets.