I am hard pressed to name any "socialist" country. They all, including China and Finland work as capitalists in a capitalist world. The term is mostly a pejorative used by American Conservatives to define how large a safety net is needed to keep capitalism from imploding. Which we here in America are already on the edge of. America and the President are easily the least socialist entities on Earth.
Notice the conservative explaining that TAXES and the IRS not only define SOCIALISM but are also THIEVERY. Which makes everyone, everywhere over all time socialists. And he goes on to say saving millions of auto industry jobs and diverting a Depression is also socialism. Hey, nations who have single payer health are are socialist. Which includes all nations including Switzerland! Where the banks are in control for Christsake!