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I'll give some examples of great implementations of socialism that drives welfare in today's democracies, as I personally believe that socialism can't exist without democracy, as it's one of the core values of the concept, that's it's controlled by the people.
One of socialisms ultimate goals are also equality, which my examples will show.
These are just the big ones that really helps to make sure that very few people are actually poor and are getting desperate because of it.
Also, it's always important to say that socialism and capitalism are NOT mutually exclusive. It's perfectly normal to have all these concepts from socialism in a capitalist country.
I think we can agree that a country with 100% capitalism or socialism is not the best way to go.
Good explanation. Just one nit to pick over word choice: “Capitalism” is not a synonym for “free market”.
Capitalism is a separate ideology that champions (even romanticizes) the acquisition and hoarding of wealth at all costs. It leads to trusts, monopolies, stifling of competition and, eventually, the death of the free market.
In other words: Socialism and free markets are compatible. Socialism and Capitalism are not.