Socialism is a Political Theory. It is the transition period from Capitalism to Communism.
Socialism in Practice is opportunist and incompetent wherein the opportunist promises a short cut to utopia but can never deliver
Opportunist Stalinist Socialism aimed at restoring capitalism with the stalinist bureaucrats as the billionaire owners of the means of production
Opportunist National Socialism was the racist version of opportunistic socialism where the top dogs planned to end up being the billionaires etc
Opportunist Pol Pot Socialism was an example of a dead sheet who didn't have a clue but loved the power
Opportunist Mugabe Socialism another loud mouth with no clue
etc
In fact the further "left" they go then the more incompetent they are ...
Looking at classic opportunist socialist incompetents Ebert engineered the Weimar hyperinflation Mugabe engineered the Zimbabwean hyperinflation stalinists engineered the Hungarian hyperinflation stalinists engineered the Yugoslav hyperinflation stalinists engineered the Venezuelan hyperinflation . Universally they all claim in unison that it was not their fault