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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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    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.
    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).
    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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