"Socialism" is just a word to laugh at. All the Socialists didn't just go home after the Soviet Union came down. Failure just means you change your handle and pretend that the previous handle never really existed. I seldom use the terms Communist or Socialist because all it does is give them wiggle room to deny there's any such thing as a Communist. So they can call themselves whatever they want, the ideas, and more importantly the consequences of the ideas, are still the same.