yes i think sociaalist ideal would involve any acculumaltion of power being regulated so as to effectively work for society not individuals, especially not those individuals managing the power.

It's just a tricky ideal due to greed and corruption that do seem to emerge.

interestingly those same forces erode the social benefits of free (competetive) markets - as their ideals also deteriorate when some can can accumulate market (/ economic/ financial /political power) faster than any "free market" competition can effectively erode it.