Socialism can be likened to the corporate structure. As a corporation is a system which exists and engages in a variety of often complicated activities for the benefit of its shareholders, a government does the same for its citizens. As a CEO has an immense amount of executive control over the economic policies of the corporation, but is required to act in the interest of and is answerable to the shareholders, so do socialist public officeholders exercise control over state economies, yet are responsible to their constituencies.
The advantage of socialism, however, is that it addresses two major shortcomings of the corporate system: inequality and short-sightedness. The corporate structure is inherently unequal: the more money you have, the more shares you have; the more shares you have, the more say you have; the more say you have, at the potential negligence of others. Socialism does not so discriminate. The corporate structure, furthermore, is inherently biased towards the short-term. If management is unable to deliver quarter to quarter, they are dismissed and can even face prosecution. Governments, however, are inherently long-term. Elections do not occur quarterly but after a number of years. When there is a working party system, there is an incentive to ensure the party’s longevity. When there is a true working socialist system, the goal is to ensure the longevity and development of the nation.
At least, those were my thoughts as I was having my morning coffee. We socialists love life.