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A good article detailing why the Soviet system failed and why any similar system will fail. As he says, the problem isn't the jockey but the horse.
Why Socialism Fails | Hoover Institution
Two problems with Socialism:
1. It tends to rot from the bottom up. People tend to resist being plugged into one niche or another. They might tolerate it for a while but eventually they want a change and the only way to keep them in their niche is through force. People resist the use of force and things begin to rot from the bottom up as people exercise options outside the system to get what they want.
2. It tends to rot from the top down. Socialism requires ideological purity. That means that people who don't hold to that level of purity impede the goals of the system and must be done away with. Eventually those who resist ideological purity go from being an impediment to the plan to being a threat to the plan. The measures to mitigate that threat then become correspondingly more extreme.