Social ownership

socializationsocializesocially-ownedsocialisationsocially ownedsocial propertysocializedsocially owncollective ownershipcommunity
Social ownership is any of various forms of ownership for the means of production in socialist economic systems, encompassing public ownership, employee ownership, cooperative ownership, citizen ownership of equity, common ownership and collective ownership.wikipedia
144 Related Articles

Market socialism

market socialistmarketright-socialist
Historically social ownership implied that capital and factor markets would cease to exist under the assumption that market exchanges within the production process would be made redundant if capital goods were owned by a single entity or network of entities representing society, but the articulation of models of market socialism where factor markets are utilized for allocating capital goods between socially owned enterprises broadened the definition to include autonomous entities within a market economy.
Market socialism is a type of economic system involving the public, cooperative or social ownership of the means of production in the framework of a market economy.

Social dividend

With society-wide public ownership, the surplus is distributed to all members of the public through a social dividend, whereas with co-operative ownership the economic surplus of an enterprise is controlled by all the worker-members of that specific enterprise.
The social dividend is the return on the capital assets and natural resources owned by society in a socialist economy.

Marxism

MarxistMarxistsMarxist theory
Reduction of necessary work time is central to the Marxist concept of human freedom and overcoming alienation, a concept widely shared by Marxist and non-Marxist socialists alike.
This crisis culminates in a proletarian revolution and eventually leads to the establishment of socialism—a socioeconomic system based on social ownership of the means of production, distribution based on one's contribution and production organized directly for use.

Means of production

different organizations of productionforcesmaterials
Social ownership is any of various forms of ownership for the means of production in socialist economic systems, encompassing public ownership, employee ownership, cooperative ownership, citizen ownership of equity, common ownership and collective ownership.
By contrast, socialism is defined as social ownership of the means of production so that the surplus product accrues to society at large.

State ownership

state-ownedpublic ownershipstate owned
Social ownership is any of various forms of ownership for the means of production in socialist economic systems, encompassing public ownership, employee ownership, cooperative ownership, citizen ownership of equity, common ownership and collective ownership.
Public ownership of the means of production is a subset of social ownership, which is the defining characteristic of a socialist economy.

Collective ownership

collectivecollectivelycollective employee ownership
Social ownership is any of various forms of ownership for the means of production in socialist economic systems, encompassing public ownership, employee ownership, cooperative ownership, citizen ownership of equity, common ownership and collective ownership.
Collective ownership of the means of production is the defining characteristic of socialism, where "collective ownership" can refer to society-wide ownership or to cooperative ownership by an organization's members.

Egalitarianism

egalitarianequalityeconomic egalitarianism
Social ownership is variously advocated to end the Marxian concept of exploitation, to ensure that income distribution reflects individual contributions to the social product, to eliminate unemployment arising from technological change, to ensure a more egalitarian distribution of the economy's surplus, or to create the foundations for a non-market socialist economy.
In socialism, social ownership of means of production is sometimes considered to be a form of economic egalitarianism because in an economy characterized by social ownership, the surplus product generated by industry would accrue to the population as a whole as opposed to a class of private owners, thereby granting each individual increased autonomy and greater equality in their relationships with one another.

Socialism

socialistsocialistssocialistic
Social ownership is any of various forms of ownership for the means of production in socialist economic systems, encompassing public ownership, employee ownership, cooperative ownership, citizen ownership of equity, common ownership and collective ownership.
Socialism is a range of economic and social systems characterised by social ownership and workers' self-management of the means of production as well as the political theories and movements associated with them.

Factor market

factor markets
Historically social ownership implied that capital and factor markets would cease to exist under the assumption that market exchanges within the production process would be made redundant if capital goods were owned by a single entity or network of entities representing society, but the articulation of models of market socialism where factor markets are utilized for allocating capital goods between socially owned enterprises broadened the definition to include autonomous entities within a market economy.
Traditional models of socialism were characterized by the replacement of factor markets with some kind of economic planning, under the assumption that market exchanges would be made redundant within the production process if capital goods were owned by a single entity representing society.

Nationalization

nationalisationnationalisednationalized
Social ownership and socialization is categorically distinct from the process of nationalization.
Nationalization is to be distinguished from "socialization", which refers to the process of restructuring the economic framework, organizational structure, and institutions of an economy on a socialist basis.

Private property

Privateprivate ownershipprivate land
Social ownership is contrasted with the concept of private ownership of the means of production, promoted as a solution to what its proponents see as being inherent issues to private ownership.
Socialist economists are critical of private property as socialism aims to substitute private property in the means of production for social ownership or public property.

Otto Neurath

Neurath, OttoOtto
The most notable thinker belonging to this school of thought was the Viennese philosopher and economist Otto Neurath, whose conception of socialism as a natural, non-monetary economic system became widespread within the socialist movement following the end of World War I. Neurath's position was held in contrast to other socialists in this period, including the revisionist perspective stemming from Eduard Bernstein, the orthodox social democratic perspective of Karl Kautsky, the Austro-Marxism models of labor-time calculation from Otto Bauer and the emerging school of neoclassical market socialism.
In the 1920s, he also advocated Vollsozialisierung, that is "complete" rather than merely partial "socialization".

Economic system

economyeconomic systemseconomical
However, by itself public ownership is not socialist as it can exist under a wide variety of different political and economic systems.
Socialist economy (social ownership of the means of production)

Labor-time calculation

The most notable thinker belonging to this school of thought was the Viennese philosopher and economist Otto Neurath, whose conception of socialism as a natural, non-monetary economic system became widespread within the socialist movement following the end of World War I. Neurath's position was held in contrast to other socialists in this period, including the revisionist perspective stemming from Eduard Bernstein, the orthodox social democratic perspective of Karl Kautsky, the Austro-Marxism models of labor-time calculation from Otto Bauer and the emerging school of neoclassical market socialism.
Socialization (economics)

Socialist calculation debate

economic calculation debateeconomic calculation argumentobjectively determined
Neurath's conception of socialism was the initial point of criticism of Ludwig Von Mises in the socialist calculation debate.
Socialization (economics)

Workers' self-management

self-managementautogestionworker self-management
The second form of social control is worker self-management, where managers are elected by the member-workers of each individual enterprise or enterprises are run according to self-directed work processes.
Socialization (economics)

Common ownership

community of goodscommon propertyowned collectively
Social ownership is any of various forms of ownership for the means of production in socialist economic systems, encompassing public ownership, employee ownership, cooperative ownership, citizen ownership of equity, common ownership and collective ownership.

Capital market

capital marketssecurities marketssecurities market
Historically social ownership implied that capital and factor markets would cease to exist under the assumption that market exchanges within the production process would be made redundant if capital goods were owned by a single entity or network of entities representing society, but the articulation of models of market socialism where factor markets are utilized for allocating capital goods between socially owned enterprises broadened the definition to include autonomous entities within a market economy.

Surplus product

necessary productsurplussurplus production
The distinction between these two forms lies in the distribution of the surplus product.

Property income

property-owning capitalist classcapital and land incomepassive property income
The goal of social ownership is to eliminate the distinction between the class of private owners who are the recipients of passive property income and workers who are the recipients of labor income (wages, salaries and commissions), so that the surplus product (or economic profits in the case of market socialism) belong either to society as a whole or to the members of a given enterprise.

Profit (economics)

profitprofitsprofitability
The goal of social ownership is to eliminate the distinction between the class of private owners who are the recipients of passive property income and workers who are the recipients of labor income (wages, salaries and commissions), so that the surplus product (or economic profits in the case of market socialism) belong either to society as a whole or to the members of a given enterprise.

Law of value

economic lawslaws of capitalism
The comprehensive notion of socialization and the public ownership form of social ownership implies an end to the operation of the laws of capitalism, capital accumulation and the use of money and financial valuation in the production process, along with a restructuring of workplace-level organization.

Capital accumulation

accumulation of capitalaccumulationaccumulated capital
The comprehensive notion of socialization and the public ownership form of social ownership implies an end to the operation of the laws of capitalism, capital accumulation and the use of money and financial valuation in the production process, along with a restructuring of workplace-level organization.

Money

monetaryspeciecash
The comprehensive notion of socialization and the public ownership form of social ownership implies an end to the operation of the laws of capitalism, capital accumulation and the use of money and financial valuation in the production process, along with a restructuring of workplace-level organization.

Exploitation of labour

exploitationexploitation of workersexploit
Social ownership is variously advocated to end the Marxian concept of exploitation, to ensure that income distribution reflects individual contributions to the social product, to eliminate unemployment arising from technological change, to ensure a more egalitarian distribution of the economy's surplus, or to create the foundations for a non-market socialist economy.