Answer:
I would complete your sentence starter in this way: "Although socialism is ideologically in conflict with capitalism, principles from both systems have been combined in many modern governments."
Step-by-step explanation:
Capitalism is built around the pursuit and protection of one's private property. Early ideas of capitalism began with thinkers like Adam Smith in the late 18th century. In a purely capitalistic system, there would be no income redistribution by taxing those who succeed at business in order to give aid to those who aren't as successful.
In socialist ideology, members of a society contribute to each other's needs and provide help to one another. The earliest socialist efforts were somewhat small-sized communities or groups that lived and worked together cooperatively, such as the factory town reformed by Robert Owen at New Lanark, Scotland. In a purely socialist system, all members of society pool their talents and resources and efforts together in a common community.
Most modern governments (even communist states like China) incorporate elements from both capitalist and socialist ideology. China is governed as a communist nation but pursues many capitalistic endeavors. The United States runs on capitalism, but there are many government-run social programs (a form of socialism) that provide aid to those in need. European democracies also very much blend socialist and capitalist practices into their overall government systems.
In the modern world, socialism is implemented through taxes and government programs so that those with more resources in terms of private property (from capitalist endeavors) provide aid to those less well off in their society.