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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
    Social ownership is the appropriation of the surplus product, produced by the means of production, or the wealth that comes from it, to society as a whole. It is the defining characteristic of a socialist economic system.
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    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.
    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.
    Does state ownership imply social ownership?State ownership by itself does not imply social ownership where income rights belong to society as a whole. As such, state ownership is only one possible expression of public ownership, which itself is one variation of the broader concept of social ownership.
    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 socialist ownership?According to The Great Soviet Encyclopedia, "socialist ownership" is a form of social ownership that forms the basis for the socialist system, involving the collective appropriation of material wealth by working people.
     
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    Social ownership - Wikipedia

    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. Social ownership of the means of production is the defining characteristic of a socialist economy, and can take the form of community … See more

    Socialization as a process image

    Social ownership is variously advocated to end the Marxian concept of exploitation, to ensure that income distribution reflects individual contributions to the social product, … See more

    Socialization is broadly conceived as a process that transforms the economic processes and, by extension, the social relations within an … See more

    In most cases, "socialization" is understood to be a deeper process of transforming the social relations of production within economic organizations as opposed to … See more

    In Soviet-type economies, the means of production and natural resources were almost entirely owned by the state and collective enterprises. State enterprises were integrated into a national planning system, where factor inputs were allocated to them by the … See more

    Particularly in the United States, the term socialization has been mistakenly used to refer to any state or government-operated industry or service (the proper term for such being either See more

    • Korsch, Karl (1975). "What Is Socialization? A Program of Practical Socialism". New German Critique No.6: 60–81. See more

     
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