No it's not
From the Catholic Encyclopedia (published originally in 1912): But, in order to understand fully what Socialism is and what it implies, it is necessary first to glance at the history of the movement, then to examine its philosophical and religious tendencies, and finally to consider how far these may be, and actually have proved to be, incompatible with Christian thought and life.
“From the Catholic Encyclopedia (published originally in 1912): But, in order to understand fully what Socialism is and what it implies, it is necessary first to glance at the history of the movement, then to examine its philosophical and religious tendencies, and finally to consider how far these may be, and actually have proved to be, incompatible with Christian thought and life.”
For once I have to agree with the Catholic position.