There was a time, long ago, when Socialist ideals were very similar to my own beliefs. Then the Labour Party started to call themselves Socialists, and before too long, there was the Socialist Workers' Party to contend with too. Others have jumped onto the socialist bandwagon, notably the Nazis in the1930's. Adding 'National' and 'Socialist' together, they tried to combine the ideals of one, with the cachet of the other, keeping a foot in both camps, and to avoid being called Fascists, which of course, is what they actually were.
An interesting discussion on the concept of 'socialism'. What is it, really?