But, despite socialist promises, bureaucratic programs of the poltiical state cannot guarantee security anyway. Instead the socialist state uses its coercive powers to seize the wealth and properties of those who have earned financial security by their own hands.
Socialism is the ultimate exploitative monopoly.
All major industries, including food, banking, transportation, communication, and insurance are owned and operated as state monopolies. To do this, power must be centralized in the hands of the political state. In practice, socialism's redistribution of wealth ends up with bureaucrats doling out poverty and dependency on the state. If government could give you everything you want, it must have the power to take everything you've got. This is the real agenda of socialism.