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.
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