Nope. You said

Under socialism however, the state funds labor based on needs and/or desires for the output of that labor

How it chooses to fund labour is less efficient than decisions made where the decision needs to be made. Centralising power doesn’t work. Not in China, not with the EU, not in Russia, not in America

We need new theory, not 19th century failed ones. We’re connect at the speed of light, representative forms of government are now unnecessary.

We need local governance, my favourite is sortition and some form of global digital decision making