Socialism has been tried at least 66 times in different countries around the globe; there’s exceedingly few examples of it actually working to improve human well being, in the best cases it just results in economic contraction and diminishing opportunity and in the worst cases it’s responsible for most morbid and dehumanizing episodes in history. It has a death toll of at least 250 million in the past century and, as Prager U explains here, it ruined the lives of a billion people.
Socialism has such a consistently bad track record that’s it’s just not really worth trying in community or population greater than Dunbar’s number of 150 people.