Society/Culture Can a purely socialist society exist?

[barreness]

would you prefer to risk 100% of capital, have zero competency management, cost plus contracts etc all for the potential of 100% of the profit or loss?

Pretty sure the govt can run a mine. Why would they not simply employ the same people on a similar pay packet and put the profits back into the govt coffers

or risk no capital and get 50 to 85% of the profit risk free?

I mean this would be a reasonable outcome but I'm not seeing it. Royalties are tiny and most of the big ones pay minimal company tax(most of the time)