It seems you're not from LatAm.
The real threat has always been corrupt governments and corporations meddling in politics that gave away the birth of guerrillas (and even sponsored them) like here in Colombia.
The "socialism bad" has been in many cases just an excuse for so many here to hold themselves in power and make the lifes of the less fortunate completely miserable.
Power just corrupts, be it from "left" or "right".
European-style socialism would be better. Full 60s socialism would be significantly worse. It's quite likely that people ITT are using "socialism" to refer to either, and we're all talking past each other.
Brazil/Argentina/Trump style tariffs, banning the import of DJI/BYD/Huawei, etc. and yes china is socialist too.
I’m not American I don’t really think of America as capitalist wonderland.
And yes cheap Bolivian subsidized gas is wonderful, same with subsidized Argentinian everything, 3:1 blue dollar etc. let me explicitly thank their populace for subsidizing many vacations and day to day living costs.