I don't know. It seems like the old rules can all change soon because of AI and stuff.
The only simple truth when you boil it down seems like socialism is just a band-aid for capitalism gone wrong (when some people hoarding land and other wealth make other people poor)
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Let's define our terms.
socialism
Socialism is an economic and political philosophy characterized by the collective or public ownership of the means of production, distribution, and exchange, as opposed to private ownership.
Collective ownership is a myth. It literally can not exist.
Poverty comes from only 4 places, 1. governments impeding wealth creation or 2. Inflation or 3. Governments seizing the means of productions or 4. War