What do you mean by material conditions? The point of socialism is that there is no third party extracting profit from the workers’ labour, only the workers themselves. The workers decide what gets done, how it gets done, and how any profits are disbursed.

A corporation owning the means of production doesn’t meet the basic definitions of socialism since the workers have no power and it is only by the grace of the employer that their voices are heard if at all.

I appreciate that you love capitalism and want it to be the perfect system but it’s not, and you can’t make capitalism look like socialism by dressing it up in welfare and democracy.