It comes down to “Who Chooses”?
With Socialism, in that everything is owned by “all” and the majority ALWAYS overrules the minority (and the smallest minority is YOU), the Government chooses (whether you like it or not). You are only a cog in a collective.
With Capitalism and our Representative / Constitutional Republic, that adheres to The Rule of Law and the Right of Private Property, you choose. You are a sovereign Individual.