Yes you're talking about hybrids of socialism with capitalism, which are absolutely the way to go. History has shown that nation-scale "pure" socialism (which in practice nearly always results in a flavor of Marxism/Communism) is even more brutish and tragic than "pure" capitalism.
What would you say about President Julius Nyerere of Tanzania? His term in office was characterised by a peaceful transition from British colonialism to such a 'pure' form of socialism (including a full public ownership of all land and enterprise). This survived for three decades of almost completely peaceful, slow, and steady economic growth before the 90s, when it democratically voted itself into the capitalist state it is now. In fact, the only war Tanzania fought in that period was against Idi Amin's Uganda, which was widely regarded as a far more brutish and tragic country than Tanzania could ever have been accused of.
I would say that it was one of the most successful attempts at nation-scale socialism, but ultimately still a failed experiment. As you said yourself the people themselves democratically voted for capitalism.
> Julius Nyerere's leadership of Tanzania commanded international attention and attracted worldwide respect for his consistent emphasis upon ethical principles as the basis of practical policies. Tanzania under Nyerere made great strides in vital areas of social development: infant mortality was reduced from 138 per 1000 live births in 1965 to 110 in 1985; life expectancy at birth rose from 37 in 1960 to 52 in 1984; primary school enrollment was raised from 25% of age group (only 16% of females) in 1960 to 72% (85% of females) in 1985 (despite the rapidly increasing population); the adult literacy rate rose from 17% in 1960 to 63% by 1975 (much higher than in other African countries) and continued to rise.[4] However, Ujamaa decreased production, casting doubt on the project's ability to offer economic growth.
> The most prominent ecological consequence during this time in Tanzania was due to the forced settlements by the TANU government and President Nyerere. During the time of forced settlement, TANU provided more artificial means of agricultural aid while cracking down on yield results and as a result, production yield began to decrease and land became underdeveloped. Land was not being utilized to its full potential and therefore, not only were crop yields subpar, but the biodiversity also became inferior.
> There were also internal factors that led to the implosion of the Ujamaa program. The first was resistance from the public. During the 1970s there was a resistance from the peasantry to leave their individual farms and move to communal living due to the lack of personal capital that came out of the communal farms. This led President Nyerere to order forced movement to Ujamaa villages.
