Socialists have only one goal in mind-to unite the world for takeover. It the same in banking, industry, government, and (unfortunately) the church through world-wide ecumenism. It’s power that is craved and they’ll do it at the expense of doctrinal integrity.
While some will tout the early church displayed tendency of socialist behavior (having all things in common), this is a poor misreading of the scriptures. When the people of Israel asked for a king to rule them, God, through Samuel, told them of all the calamities that would happen to the people by appointing rulers over them. The people wanted it anyway.
When we replace God as our King with an earthly ruler, then we will find ourselves subject to slavery.
In that day there was no king in Israel, and every man did what was right in his own eyes. [Paraphrasing somewhat from 11Kings]