Socialism, it’s in the country name.
It had little in common with the socialist democracies of Europe, nothing in common with the communist proscriptions of Marx, and some in common with the much maligned state capitalism of today's China.
We'd be better off brainstorming a new, 21st century solution to the excess of capitalism, rather than relying on the industrial past.
That sounds like something a socialist would say:
https://www.currentaffairs.org/2018/03/socialism-as-a-set-of...