Correct, since innovation CANNOT be stopped.
"A socialist monopoly however is insurmountable because it carries with it the full weight of the authorities and the ideology that is inculcated into every man, woman and child in the country."
BS--EVERY "full socialist" economy ever tried in modern times has collapsed, Venezuela being the latest example. EVERY one. Some blended socialist/capitalist democracies have lasted for a while, I think most of them ultimately fail as well.