Your definition is whatever you want it to mean at any given moment.

No, it really isn’t.

A socialist policy is any government intervention in the economy which has economic redistribution as its aim. A government is socialist to the degree that it pursues such policies.

This does not necessarily imply government expropriation of factories or companies.

This definition is a very common usage; I’m not simply making it up. And it is not especially vague either.

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    Progressive Reformation

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    A Right-Opposition for the New Left.