Supposedly socialist is exactly right, but we’re not here to split hairs about the exact name of the ideal governing/economic style.
In a very dumbed down way socialism/communism is meant to value the goals of the many over the few and capitalism is touted as the bastion for individual freedom. But there is no end to individuals getting royally fucked, often in legal and yet unfair ways in capitalistic countries all for the sake of a few percentage points on a quarterly report.
Most people who are capitalism detractors don’t want follow in china or Russia’s footsteps. We just want a system that values people more than money.