Socialist as used by Socialists (at least myself and those I know) has come to mean much the same as it used to, except without revolutionary thought. Some now doubt that Communism is possible (Again, like myself) and instead believe in something much more closely resembling State Capitalism or at least a very watered down 'Socialism'.
As for labelling people, that is a tool used by the right because they mistakenly choose to associate Socialism with Leninism and Stalinism.
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