Socialism, per se, isn't a bad word. Communism, per se, isn't a bad word. All communism isn't violent. All communism isn't dictatorial. All communism doesn't reflect the worst of Stalinism or Maoism or any other coercive force.
Coercion is the bad word, and capitalism can't do without it.
Nowhere are the people allowed freely to choose socialism and remain unmolested by capitalists. It just has never happened. Capitalism is based upon greed and selfishness, and those two things are understood to be sheer evils when the terms are used in their right context, which is within the whole, full context of history, philosophy, religion, etc.
The best economic system ever conceived is voluntary socialism/communism. It comes straight out from God.
Economics is absolutely nothing more and nothing less than what is understood to be "home economics." There is no other kind when the term economics is properly understood and used. The point here is that "home" is the Earth, the whole Earth, and everywhere human beings, Homo sapien sapiens (our species; our family), wise men, are, or will be.
Economics is the system of organization. It is the political system. It is how things are governed whether in the microcosmic or macrocosmic and/or anything and everything between the extremes.
"Home," "family," mine," "yours," and many other such terms are not properly understood or used.
"Capital" is a loosely used term loosely used so many may mask the true meaning, the true and better and best possibilities. General terms in combination is the starting place for coming to understand the term "capital" and possibilities for correcting the family and home. Where does wealth reside? What is wealth? Capital is wealth. It resides where we decide individually and collectively in small and large groups. True "capital" or "wealth" is understood as that which is ultimately beneficial an asset rather than a liability. In the end, it is not a debt. It doesn't rob or deprive or cause scarcity but rather brings forth real, inexhaustible bounty. There are no "externalities" (lame excuses for ultimately damaging others) about it.
Ownership is not the same thing as possession. The home belongs to the whole family. Your home is yours. You own it and possess it. There are only diversions from this. If you rent or owe the bank on the "home, your home is not yours. This then shows that "your home" is an expression that has undergone diluting and twisting processes for effect.
"Economics" has been manipulated so neither merit nor need, not true familial love, will see their way clear to restoration of proper economics. True merit and need are deliberately ignored by anti-home, anti-family spirits, feelings, thoughts, words, and deeds.
In the family in nature before selfishness, everything is done for the whole family by the whole family with the interest of each and all being at the fore (the head). All own all while each possesses what is needed and then what is properly wanted still with all of the foregoing kept in mind. The more the family is and remains true to this wholesome spirit, the better things are and remain. The more the family disintegrates, leaving behind this wholesome spirit, the more disintegration is encountered and the dumber the family becomes, even in member's evermore-complex rationalizations.
The current state of the state is disunity. The current state of the anti-state is disunity. The correct path, the path of restoration, is the strait and narrow forward to the family of humanity (before selfishness) and the Earth, as one home and as understood by what I've stated above.
The right state, the right government, economy, stewardship, leadership, and discipleship are all the same thing. The right politics is the same.
Giving and sharing was, and is, the right economic system. It was in the beginning. There was, and still is, evolution and selection. The Bible is full of both. The Gospel is about evolution and selection.
Here's what John the Baptist said, with which Jesus agreed wholeheartedly:
"And now also the axe is laid unto the root of the trees: therefore every tree which bringeth not forth good fruit is hewn down, and cast into the fire." (Matthew 3:10)