Socialism to me is just to be lazy and have the state do everything for you. People need to look after themselves. It also comes across as very bitter toward success. It breeds contempt well if I can't earn that much money why should someone else. It breeds negativity in trying to make everyone equal in some way. It doesn't reward those who strive to improve themselves . All it seems to do is reward those who want their decisions made for them. Everyone enjoys the benefits of capitalism then slags it off. Highly skilled people should be rewarded and not singled out because they are prosperous.
Sociailism is the best model as it reigns greed and Individualism thru unvetted Capitalism in check. It makes sure that those at the top do not exploit those at the bottom as was the cas in the Victorian era for example.
It makes sure that even those at the bottom, who no fault of their own are born into disadvantage and/or poverty, get at least a minimum amount of support and opportunity given to them so as they have some chance of going out there and making something of themselves as compared to those who are born, through no graft of their own, into huge wealth and are given every opportunity in life from the start.
A good example of this was the furore about unpaid student Internships in the service sector like Financial Coty careers, where rich kids' parents were buying them an opportunity to get into an illustrious company that would at least guarantee them an opportunity to become rich and successful. Their parents could also afford to keep and subsidise their kids whilst they took part in these unpaid Internships in the City, which kids from poor backgrounds just couldn't afford to do. Its exactly the same with the Bullingdon Boy's Club with Politics.
If no Socialism was applied like we have here, then Capitalism and the rich would take the piss even more than they now. Every child deserves to have a full education, receive healthcare, and to not live in poverty without them having only their parents to provide all that when they haven't had the life opportunities to be able to do so. Without Socialism and instead Pure Capitalism, there is no guarantee these things would be provided to those who can't pay for it.
If every person was born unto this world with the exact same level of opportunity as each other, financially as well as biologically/psychologically, then we wouldn't need Socialism. The truth of the situation is that each child is born into completely different circumstances and where some are born into wealth and everything they'll ever need, others are born into poverty with little opportunity without Socialism.
A lack of Socialism and a 'me, me, me, I'm alright Jack coz I'm rich' society is why things like the Russian Revolution happened and led to the birth of Communism which was far too extreme in the other direction.