Fair enough, hypocrisy exists in all forms, and across all dogmas and divides. If you are using the term as I believe you are, I would agree with your basic idea, though only in extreme circumstances as I know our definitions of socialism differ quite a bit.
I was using a figure of speech to add punch to the argument, and in all fairness, perhaps it's right to be called out on it, though I'm not writing for the Economist here.
One obviously can never say 'the worst' of anything that can't be measured empirically. So your use would be wrong too, though yes, socialism run amok would also create obvious hypocrisies.
So fine, I lessen my language. The point stands though. It's despicable, and highly hypocritical.