The classic issues that I am aware of are:
- Those in power have too much power and cannot be deposed democratically. As such they will assuredly become corrupt.
- 'from each according to their ability, to each according to their need' means that people aren't incentivized to strive and will be lazy and won't invent and innovate.
This page https://opensocialism.com/open-socialism covers these two points.
Are there other classical issues I am missing? Is there any literature you would recommend for this?
Thanks
Anyway, I think it is safe to ignore that discussion, because it is way too common and biased.
My humble suggestion is that you should start on the purely economic side of the high-level discussion. This[1] is something that raised a lot of discussion (pro and against the socialist side) between top economists of the previous century and that has lasted many years. I think you should start there.
[1]: https://mises.org/library/socialism-economic-and-sociologica...
Note that in open socialism goods and services (including food, clothing etc.) are priced.
I generally agree that around 100 years ago when 'Socialism: An Economic and Sociological Analysis' was written socialism was difficult to impossible. Now with modern technology I think that it is possible and has less problems than capitalism.
Is there some key flaw in socialism that you think prevents it from being viable?
See, for example, Oskar Lange and Henry Douglas Dickinson proposals, and Friedrich Hayek's rebuttals.
What I am begging you is to stop thinking you have all the right answers before getting to know what other people have already said on the topic.