Oh, are we just being hyperbolic? A capitalist would say a socialist is wrong and this is cronyism. A socialist would say capitalism is wrong and this is cronyism.
I have nothing against free trade, I am opposed to the idea that capitalism promotes a 'free' society. Although there are market Socialists, I am not one of them, because I do no think that it goes far enough to eliminate the law of Value which stands in the way of emancipation of the labourer from capital.
Guess the european nations are going to simply need a new word in order to stop being conflated with North Korea, and former european nations
and gets run out by other Americans in all levels of society that imagine North Korea because of the word alone
branding problem. if you are talking about one thing and the other people don't understand, then the language isn't working.
It's more of an issue in former warsaw pact countries who overthrew a "socialist" government in the late 80s however. I know among my group of friends I'd get eye-rolls and chuckles if I described myself as a socialist
How successful their efforts have been is up to the individual to judge.
You are right that it's not as much of a dirty word here.