I agree that the last thing we should do is to go back to the Soviet Union, but its relationship to many of the alternatives available today is a common misunderstanding. The Soviet Union was described as "socialist" simply to cover up the awful inequality and abuse of power that was at the centre of it. The Soviet Union was basically the opposite of socialism, and this is easy to understand if you compare it to the most basic tenets of socialism, such as socioeconomic inequality.
I think that there are a lot of alternatives to both our current Western economic system and the Soviet Union, and I think that if you try to look a bit closer at many of the systems "the kids today" are talking about, in particular the principles and values behind them, without getting caught up in the labels, you'll be pleasantly surprised!