Lol the nature of systems is if it works on a small-scale it will work on a big-scale asssuming the same sustainability and that we're talking economics.
It actually works better, as more wealth = more stabilization = cheaper goods = less spent on specific things (relative percentage) such as research is needed

The problem is Britain is basically US 2.0 with less disgusting police.
Regardless, it's not socialism by definition. Make it socialism, cure your problems, lynch your boss.