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  2. Social ownership is a type of property where an asset is recognized to be in the possession of society as a whole rather than individual members or groups within it.
    en.wikipedia.org/wiki/Social_ownership
    en.wikipedia.org/wiki/Social_ownership
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    Is ownership social?Ownership means that the object owned is disposed of by the owner in his own interests (broadly conceived). For ownership to be social, therefore, it must satisfy two criteria: the disposition of the object owned must be in the interest of society and the owned object must be disposed of by society. ^ Busky, Donald F. (2000).
    What is the difference between social ownership and capitalist ownership?Social ownership contrasts with capitalist ownership, in which the means of production are used to create a profit. In a socialist economic system, the means of production would instead be used to directly satisfy economic demands and human needs.
    How does private ownership define socialism?Just as private ownership defines capitalism, social ownership defines socialism. The essential characteristic of socialism in theory is that it destroys social hierarchies, and therefore leads to a politically and economically egalitarian society. Two closely related consequences follow.
    What is social ownership of the means of production?Social ownership of the means of production can take many forms. It could refer to cooperative enterprises, common ownership, direct public ownership, or autonomous state enterprises. Social ownership contrasts with capitalist ownership, in which the means of production are used to create a profit.
     
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    Socialism - Wikipedia

    Socialism is an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the economic, political, and social theories and movements associated with the implementation of … See more

    For Andrew Vincent, "[t]he word 'socialism' finds its root in the Latin sociare, which means to combine or to share. The related, more technical term in Roman and then medieval law … See more

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    Early socialist thought took influences from a diverse range of philosophies such as civic republicanism, Enlightenment rationalism See more

    Socialist economics starts from the premise that "individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people … See more

    A multitude of polls have found significant levels of support for socialism among modern populations.
    A 2018 See more

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    Early socialism
    Socialist models and ideas espousing common or public ownership have existed since antiquity. The … See more

    In the Leninist conception, the role of the vanguard party was to politically educate the workers and peasants to dispel the societal false consciousness of institutional religion … See more

    While major socialist political movements include anarchism, communism, the labour movement, Marxism, social democracy, and … See more

     
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