Socializing capitalism should be done.
It's what's being proposed by Labor in the U.K.
It's what's been practiced at Spain's Mondragon for decades.
North Dakota has a 100 year old state owned bank.
Italy has about a third of its GDP being produced they cooperatives.
Governments owning means of production is not, as far as I know, socialism. It's state capitalism.
Democratizing the means of production is, as far as I know, socialism.
It also means wages and salaries and the sharing of profits gets decided democratically instead of a dozen or do people in a board room.
I've been impressed with Corbyn's labor proposals. It looks like a real evolution of capitalism whereas all we keep getting is the same old swindles.