Was Socialism Really Founded By The Devil?

If you want to insult someone's patriotism or nationalism, either call him a socialist or a communist. Those two words have slowly but surely transformed from economic structures to curse words. Due largely to the Cold War when witch hunts against communists were a common thing and McCarthyism was at its gravest stage, communism was feared in America. Propaganda against communism during the cold war, dehumanized communists to an extreme degree, same was done in the Soviet Union for Capitalism.

Although Communism is a Political and Economic system where Socialism is just the latter, they agreed mostly on the economy part and disagreed significantly with Capitalism's approach to the economy. Since America won the cold war, it is obvious that Capitalism won, but for how long? The United States economy has shifted towards socialism tremendously during the last 6 months by nationalizing their banking system and bailing out several industries with federal funding.

Just like anything in life, there are great things about socialism (free education) and there are some horrible things (government owning the economy). The question that is seemingly being laid out in this forum is: Why does the United States Government adapt the bad things in Socialism by buying their banking and other industries but not the good things like Universal Health Care or Free Education?

I am not an advocate for Socialism or Communism, they are great theories that are made impossible because of human imperfections, but what I do preach against is Hypocrisy. Do not fight a theory for 50 years and glue it to everything unholy in history and then go back and use some of its ideas. And worst of all when you do use its ideas, do not use the few ideas that help Walstreet whilst Main Street is stuck with $30,000 worth of student loans.