No, it is not. Socialism does not mean statism. Please feel free to read up on libertarian socialism, Anarcho syndicalism or even eco socialism. The Greens/EFA in europe lean towards libertarian socialism.
Right now our government has been trending authoritarian, but our companies are full-blown dictatorships.
In my ideal world, we don’t have private ownership of businesses. Instead of banks we only have credit unions, instead of corporations providing services, we’d have worker’s co-ops. We wouldn’t even really have a stock market per-se, because everyone would own a share of every company.
The duty of our collective ventures is to benefit mankind, not to steal from the poor and give to the rich. Furthermore, our society should be optimized for the freedom of its people, not the freedom of its corporate masters nor the freedom of its military industrial complex.
Probably the most prominent libertarian socialist thinker is Noam Chomsky.