This doesn't even need to be for a crime if you consider eminent domain. And all industries still face regulation in a capitalist nation like the US, meaning industry is only given as much leeway as the state allows.

Private "ownership" is an exaggeration for convenience; the office building you own may still be searched without permission or notice if you are suspected of a crime, it may be seized if you are late with paying taxes or simply do not maintain it, you may not own mineral rights or the right to restrict aviation above it, and you need the approval of the local government to make certain construction projects on it.

The definitions I hear for socialism could often apply to the US or any other capitalist nation.