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Come on, socialism is an economic system where society owns means of production. That's what happened in USSR. The problem is, society cannot function without structure. There should be some representatives like secretaries. And those people have more power than others, even more, they can have near absolute power. And those people aren't the best. As a result, bad people own all society, and there's nothing to do with it. Under capitalism, if an employer is bad, workers can just quit and find another job. Under socialism, if the employer is bad, there is nothing to do because there is only one employer: the state. Capitalism is not bad, people who have lots of money are bad. But imagine exactly same people gain absolute power. That's what was in the USSR. Greedy people, who wrote anonymous letters accusing others, benefited from it. They received confiscated flats and furniture. People of power lived better than others, they had better flats, better food, better goods. They were "elite". All of them were actually higher class. And they stated they were caring for society. All their deeds were for good, they said.

I believe regulated capitalism and democracy are the best for imperfect humans. If people were ideal, any system would work flawlessly. But people are flawed, and any system giving absolute power leads to a state where bad people rule others.