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Kinda? That's like saying there are many types of feudalism. Feudalism, capitalism, and socialism all describe currently or historically existing modes of production and distribution, but each society itself has its own characteristics based on level of development, the environment, etc. Communism is a post-socialist, global society, so we won't bother with discussing it at present. Within socialism itself, there are clear differences between how it works in China, vs. how it works in Cuba, as an example.
What's common to capitalism is that it's unsustainable over the very long term, and its contradictions become more apparent and fragile the more centralized it becomes, and it necessarily is always working towards this centralization. Socialism solves the problems with capitalism, and is a marked step forward onto the next mode of production and distribution. This is true in general, but each case in particular will have its own unique characteristics to be considered.
I have traveled the world and have seen economies of different types function in first person. The only definitive is that the extreme ends of the spectrum have the same result. Scarcity for the common person.
I have been in a place that did not have any flour for making bread aquirable by the common person, while having the streets full of beggars. And you can't tell me which system I am talking about.
Systems do not change conditions overnight. Many socialist countries became such a way after being ravaged by colonialism and imperialism, sanctioned and plundered. Socialism does better than capitalism scientifically.