Economics in socialism is simply giving control of everything to giant national bureacracies.
These bureacracies can never deliver because of ineffciency, bureaucratic ignorance,non-responsibility to consumers, and inevitably corruption.
Same delusion as in the last century or 19th cent. when it was thought it was possible to invent a perpetual-motion machine. Inventors did not calculate friction into the equation.
Bureacracies are self-imploding, and that’s really about all socialism is.