In this case, does socialist mean "high amounts of government intervention" and capitalist mean "low amounts of government intervention"? I think it's important to be clear about such muddy terms.
But that's also a simplification because it's a government that does anything it can to protect its citizens, to make sure that everyone gets an equal share.
I took it for granted for most of my life, and I idolized the US for all their music and cultural output. Until social media brought me more and more real stories from real Americans and I realized how lucky I was to be born where I was born.