as a practice, it will always fail. Mises destroyed socialism in his famous work from 1922:
“Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense of the word … All economic change, therefore, would involve operations the value of which could neither be predicted beforehand nor ascertained after they had taken place. Everything would be a leap in the dark. Socialism is the renunciation of rational economy.”
http://capitalismmagazine.com/2000/06/why-socialism-must-always-fail-ludwig-von-mises-on-economic-calculation-under-socialism/
Socialism: An Economic and Sociological Analysis
https://lfb.org/the-significance-of-misess-socialism/
https://www.forbes.com/sites/artcarden/2012/09/29/the-greatest-thinker-youve-never-read-ludwig-von-mises/
given your strong (and uninformed) feelings about socialism, it’s odd how you don’t know anything about it beyond what you hear Rush Limbaugh say.