Millions and millions of people are using the word socialism and describing what they mean by it.
Your choice is to open you mind to what socialism can mean and hear out what future generations want.
But even the Nordic economies that you are basing your idea of "socialism" don't call it socialism because...wait for it...it isn't:
"Internationally, the left has for decades showcased the Nordic nations as proof that socialism can work not only in theory but also in practice. In his years in the U.S. Senate and through multiple campaigns for president, Bernie Sanders has based much of his political ideas on introducing Nordic-style democratic socialism in the United States.
Inconveniently for fans of the Nordic welfare model, though, Norway's actual economic success rests on its wealth of natural resources. With a population of only 5 million inhabitants, it has abundant natural resources in the form of forestry, mining, fishing, oil, and natural gas. Norway's oil fund is the world's largest sovereign wealth fund, worth around $200,000 per citizen. It wasn't Norway's social democratic economic policies that created the country's wealth. It was nature.
The Nordic countries' social successes predate their high-tax, high-social spending policies. A 2016 paper by the economists Anthony Barnes Atkinson and Jakob Egholt Sogaard shows that most of the progress toward income inequality in Norway and Sweden happened before 1970, at a time when the two countries had low tax regimes and less redistributive policies. Similarly, the Nordic countries' social successes were more pronounced in those years. Relative to the rest of the world, for example, they had a greater advantage in life span and child mortality in 1970 than they do today. In other words, the Nordic model arose after those countries were already prosperous and egalitarian.
Today, Nordic countries are even moving away from socialism. Although they do still have high levels of taxation, they have introduced free market regulation. Numerous state-owned enterprises have been privatized, taxes have been reduced, and the generosity of welfare systems curtailed. In the largest Nordic nation, Sweden, Prime Minister Stefan Lofven, a social democrat, has promised to cut the 5 percent highest marginal tax rate. The reduction, according to numerous studies, may stimulate the economy enough that the cut won't even cause tax revenues to fall. That wouldn't be the case if the Nordic model worked in the way its champions argue."
The Myth of Democratic Socialism
"Polls tell us that 20-somethings today feel better about socialism then they do about capitalism. Among those reclaiming the term are supporters of Jeremy Corbyn in the U.K. and Bernie Sanders in the U.S. To them, socialism doesn't mean a state-controlled system like the one we saw in the old Soviet Union, but the dream of a "democratic socialism" based on the Nordic model. But their dream is based on a big misunderstanding.
Although there are areas"especially in taxes and labor market regulation"where socialist elements still exist in the Nordics, the region is by no means socialist today. In fact, according to the Heritage Foundation's index of economic freedom, Sweden, Norway, Finland and the Netherlands are more capitalist than most of the EU, including France, Spain, Italy and Portugal and Germany."
The Myth of Nordic Socialism