Socialism sucks. The idea of "means of production owned collectively" tends to suck even in capitalism (too many shareholders), but if the owner is the state, it sucks massively. Any alignment of interests goes out of the window, massive white elephant projects get built in the name of ideology, "superfluous concerns" such as environmental damage are ignored, incompetent people get promoted to directors because their uncle is a Party bigwig. Nothing acts as a check on rampant corruption.