In a socialist system, the government, or the community, owns the means of production (factories, land, resources) to ensure production serves the collective good rather than private profit. Central planners often direct economic activity to meet societal needs, not consumer demand. This contrasts with capitalism, where private individuals or corporations own the means of production.
I guess it depends on how much you trust the government.
Socialism
So you want the government to own the factories and farms? The means of production? Has that ever worked anywhere?
I want the people who work at the factories and farms to own and control them democratically.
In a socialist system, the government, or the community, owns the means of production (factories, land, resources) to ensure production serves the collective good rather than private profit. Central planners often direct economic activity to meet societal needs, not consumer demand. This contrasts with capitalism, where private individuals or corporations own the means of production.
I guess it depends on how much you trust the government.
Lol