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Under any form of socialism which is not democratic, those who control economic power can, without 'owning' anything, have palatial official residences, the use of the best cars, a princely entertainment allowance, holidays at the public expense in official holiday resorts, and so on and so on. And why should they have any more concern for the ordinary worker than those in control have now? There can be no reason why they should have, unless the ordinary worker has power to deprive them of their positions. Moreover the subordination of the small investor in existing large corporations shows how easy it is for the official to overpower the democracy, even when the. 'democracy' consists of capitalists.
Source: Bertrand Russell : Power, a new social analysis, 1938
More info.: https://russell-j.com/beginner/POWER18_200.HTM