When the government controls every aspect of your live thats not collective. Thats the lie of socialism. Socialism is oppression by the state that has only an interest in holding on to power. As a citizen you have no rights or power.
In practice socialism slaughtered over 100 million people.
No socialist nation has every increased wealth in fact they declined into feudalism, oppression and violence. Red China the USSR, Cambodia, Cuba, Venezuela, Nicaragua, are all perfect examples of the total failure of socialism.