I guess I could be convinced that the term socialism can be reclaimed, that we might still be able to redefine it so that it refers to a desirable way forward politically. But it seems to me that the term is mostly used (especially in America?) primarily to mean all those things that are the opposite of we need: centralization, disciplined organization, and a strong party with a vanguard of wise leaders whose (often implicit) objective is to win the State apparatus in order to put “the workers themselves in power.” Of course what that agenda does (as Bakunin saw from the very beginning) is not to put the workers in power but to subjugate them (and everyone else) to a new set of bosses. Here is an eloquent statement of this lamentable polical vision.
So for now, in the face of what seems to be the dominant way to understand socialism, I enthusiastically join Negri in waving goodbye to the whole steaming mess.