There are over 100 different types of Socialism, ranging from the energy co-ops that exist in 47 US states to what is going down in modern day Venezuela.
A lot of young people like to talk about socialism without really defining what type they are talking about, and this frequently leads to miscommunication both between neo-liberals and other people who support or are curious about socialism.
Just like with capitalism, the overwhelming majority don't have the slightest clue what they are talking about, and getting that information is like pulling teeth.
Most of the time they will bring up the success of the Nordic countries as evidence that "socialism works" only to be reminded that they still have a free market, and are classified as a social democracy not socialist. The Primary difference is that they all pay into social welfare programs such that everyone's misfortune is effectively hedged. In other words, Your success is on you. Your misfortune is on everyone.
A lot of the detractors of socialism will bring up the Cuba, USSR, Nazi Germany, and Venezuela and show that the collapse is evidence that socialism doesn't work, however many socialist will either declare that the circumstances leading to their collapse was caused by external forces, or that they were socialist in name only and economically were actually state capitalist or fascist ( Nazi's were not really socialist after Hitler took control of the party )
If a group of hard-core economic-right entrepreneurs got sick of their jobs and invested in their own business that they all shared a near equal stock in, this would meet the definition of socialism laid out by Marx and Engels in their infamous work, but if you talked to them they wouldn't see the similarity. Same as if you own stock in a company you presently work at. But almost no one would call or recognize this as being socialist.
So in conclusion, the term is so deluded and meaningless that meaningful conversation about it is effectively useless without an in depth discussion about what those discussing it are talking about.
*There should be no discussion of Religion in this thread. This is economic not religious. That is why it is under economy and not Religion.*
At some point in the distant past, the universe went through a phase of cosmic inflation, Stars formed, planets coalesced, and on at least one of them life took root and developed into the human race, who conquered fire, built societies and developed technology .
All of that so we can argue about nothing.