It has been recorded that R’ Itzile Ponovezher feelings of sympathy for the misery of so much of the population caused him to have predilection towards socialism.

He subsequently rejected it based on the understanding that Torah is built on a Shulchan Aruch, a structure of four mainstays, one of which is Choshen Mishpat.

While much of Choshen Mishpat is about protection from exploitation & deceit, yet it is a system of private property