In the interest of splitting hairs.. this is 'state socialism' as in the money was forcefully acquired from tax payers and handed out to corporations. More than likely, the same corporations that gave campaign donations. Efficiency comes about from people managing risk and maximizing their return on investment. With government, people aren't held accountable and are often incentivized to fail since they can just come ask for more tax money. If you want real socialistic approach why not form a co-op and pool your money to achieve your goal? Ultimately relying on the government safety net instead of self reliance will just lead to more and more disappointment.