It says, faith in the role of the state. The trouble with that is, that in many nations placing faith in the state means placing your faith in an institution far more cruel, ruthless and exploitive than the worst of capitalist corporations.. Socialism only works well in states which are well educated and highly democratic, where people have real control over the state in which they invest their hopes and wealth.

The more education and democracy you have the more socialism you can enjoy, and the democracy has to be maintained, especially since there is another form of economics like socialism, in which both the political and economic establishments are one and the same, and it is called feudalism, into which socialism automatic degenerates in counties which have weak democracies.

An ideal society would incorporate the best aspects of both Socialism and Capitalism. Neither pure Socialism nor pure Capitalism is beneficial for society as a whole.

Trump has about as much an idea of what constitutes socialism as he does for what constitutes morality. He will use his ignorance as a way to spread fear, the red scare will become very real for his constituency in much the same way he spreads fear of immigrants.