It never ceases to amaze and amuse me how little some conservatives who call themselves "Christians" know about their bibles and their propensity to pick verses to promote their own prejudices.
On law of averages, surely some folk I sat next to in the pews hold fast to free market economic theory as their own gospel, ignoring the actual Gospels which enjoin loving and feeding those less fortunate
34 that there were no needy persons among them. For from time to time those who owned land or houses sold them, brought the money from the sales 35 and put it at the apostles’ feet, and it was distributed to anyone who had need.
Acts 4:34-35 (emphasis added)
[Socialism /ˈsoʊʃəlɪzəm/ is an economic system characterised by social ownership and/or control of the means of production and cooperative management of the economy, and a political philosophy advocating such a system. "Social ownership" may refer to any one of, or a combination of, the following: cooperative enterprises, common ownership, direct public ownership or autonomous state enterprises. There are many variations of socialism and as such there is no single definition encapsulating all of socialism. They differ in the type of social ownership they advocate, the degree to which they rely on markets versus planning, how management is to be organised within economic enterprises, and the role of the state in constructing socialism.]