"When all products are to be shared, it takes away the incentive to work hard in order to succeed. The ambitious are punished, and the lazy and corrupt are rewarded."

actually that sounds more like capitalism to me, as all profit comes from control of people. All difference under capitalism is punished unless it is exploitable. Albert Einsteins essay, "Why Socialism?" Goes into detail on why that statement is absolutely incorrect, money is not the only reason people do things. Link below.

https://monthlyreview.org/2009/05/01/why-socialism/