the same way you ask me to elaborate why communism isn't completely wrong.
Did you seriously just say that?
I'll elaborate for you since you really don't have a clue---
Under a socialist society individuals are meaningless, their rights can be trampled upon, their property confiscated, their lives destroyed all for the "Common Good" of the collective.
Under Socialism individuals possess nothing, because it is the State which determines the minimum standard of living good enough for the Collective and forceably removes and redistributes individual wealth so that all achieve this arbitrary minimum standard.
Under socialism no one is allowed to profit, because profit is evil; it produces inequality and is only the motive that drives "greedy capitalists." An artist who creates a masterpiece or an inventor who toils to create something new and innovative, does not profit from his effort; he cannot profit, for in the name of "Equality" his work belongs to the collective group. His profits are therefore forcibly removed and handed over to the lesser competent in the name of Equality.
Under socialism you cannot better your standard of living; you cannot rise up the social ranks when there are none. The station you were born in is the station you will die in. You will not leave behind an inheritance for your children, you will not imagine a better future for them or hope that their lives will be better than yours-- there is no better, there is no worse, there is only equality.
Freedom and socialism are antithetical and cannot exist within the same sphere. Socialism means that your life is planned and organized by the supreme elites who control the machine of the State. They decide how much you are allowed to earn, which jobs you are worthy of, under which standard of living you will suffer through your days.
Socialism, Communism, Fascism, it makes no difference. They are all forms of Totalitarianism where individuals are no longer recognized as such, only insignificant cogs in the Collective Machine. It should come as no surprise that Socialism leads to Totalitarian Dictatorships-- Stalin, Lenin, Mao, Mussolini, Hitler, Kim Jong Il.