It's the tax-payer funded business model, the NGO trap. Subsidies, grants, tax-breaks, credit, deductions, exemptions, etc. A whole class of profiteers live in this sector. Even though academia funding isn't strictly categorized as an NGO, it still fits/foots the bill. Public funding of private gains is the oldest trick in the book. Ask any capitalist, they know. And I'm not saying I'm against public funding, but this is often codified into a mafia of sorts when enough money flows through.

The real problem here is the fundamental lack of democratic control over our agencies. That our political organization is intensely lagging behind our productive organization. That our whole political will involves TRUSTING strangers to not be corrupt instead of directly democratizing these processes as much as possible.

But besides that, you cannot remove history from historical analysis. The reason socialism countries struggled in the beginning wasn't an inherent flaw in its organization, but the fact that they were under constant war war by capitalist countries through out their existence. Also keep in mind that most socialist countries did NOT have a whole section of the world where-from to extract riches through murder (S.America, Africa, Middle east, etc), like western capitalist countries had. This is convenient for you to ignore. Maybe because you don't know, or don't care about the super-exploitative history of these places and how they tie into western capitalism. But they are inherent to western wealth and these countries' whole history is struggle against this exploitation.

Not to mention that most of the countries on earth are capitalists and are very very very poor.

To add: Socialism has nothing to do with "clamping down" on X or Y industry, as you hypothetically claim would happen. Socialism is almost exclusively about removing the need to generate capital from production. It unleashes production from its historical ball and chain that is profiteering.

In a single sentence: Instead of production being held back by capitalists generating wealth we can produce for our own needs. It is self sustaining production.

Central planning is not fallacious. Your problem is with corruption, not democratic central planning. The US Govt is a pro-capitalist entity that pro-capitalists try to distance themselves from (ironically). So using them as an example isn't saying anything at all.

Central planning is not "allow a small group of people to decide things", as happens in the US Govt. Central planning is to take into account all sources of information on production to plan said production democratically.

This will always beat the highly highly inefficient speculation of capitalism. Where trillions vanish on a whim and cause of a tweet, where crisis occur every 8-10 years, and where its whole trade market is built to hide that it is mostly insider trading. Again, your problem is with corruption not democratic central planning.

And the way to deal with corruption is to create more democratic bodies where avg people hold real power. I don't see you asking for that either. We call that socialism.