I'm sure malodery would rather talk about terminology (than the merits of socialism vs. capitalism), but I'll remind us of the important point of this thread:
"Cooperatives at the local level are fine for some purposes. It's that Federal Socialism that is a whore's nightmare. If I want to exercise my individual right to sell electricity or gas or water, I can move to a state or locality that will allow it. If the feds take it over, I can't do that without leaving the country. It's a no brainer." previous post in this thread by hiroad
"If Congress can employ money indefinitely to the general welfare, and are the sole and supreme judges of the general welfare, they may take the care of religion into their own hands; they may appoint teachers in every State, county and parish and pay them out of their public treasury; they may take into their own hands the education of children, establishing in like manner schools throughout the Union; they may assume the provision of the poor; they may undertake the regulation of all roads other than post-roads; in short, every thing, from the highest object of state legislation down to the most minute object of police, would be thrown under the power of Congress. Were the power of Congress to be established in the latitude contended for, it would subvert the very foundations, and transmute the very nature of the limited Government established by the people of America."
-- James Madison, Letter to Edmund Pendleton, 1792