Provided there is an appropriate amount of technocracy (decisions made by experts rather than politicians), it’d be hard for me to think of a better form of government.
Anyway, this was largely the US until Regan. Social safety net could’ve been stronger, but that had to evolve. Same as in Europe.
Except , racism. Addressing that is not a part of any definition of socialism that I’m aware of. Equality is certainly going along with the spirit of this definition of “socialism”