When the government runs businesses that provide services and products ("let us not destroy these machines that produce efficiently and cheaply. Let us control them. Let us profit by their efficiency and cheapness. Let us run them for ourselves. That, gentlemen, is socialism."
(to put in perspective...in the US, we are a capitalist country, but we have socialized police and fire protection, roads and bridges, water projects and other infrastructure, school, public health, etc...)