You mean nobody owns it but the workers/State, I guess. You can't trust people, bottom line. Some group will find a way to monopolize the benefits from that production. Then there's who directs production and new ideas?
The aim of socialism is not to "redistribute wealth", it is to abolish wealth. Wealth is not money to buy consumer goods, wealth is property. Wealth is owning a factory, and the product of the factory workers' labor. This should not to be redistributed – it should be unowned.
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If Bill Gates had said from the get go, "Microsoft is owned by the workers and any profit will be equally divided". How would that play out? I can't even imagine.
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Yes, because when private property ends, all smart people magically vanish...
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It's capitalism - by pointing at natural resources (such as land to live from) and declaring them someone 'private property', thereby creating a huge propertyless class that is now forced into wage-slavery - that has 'predistributed' the earth's wealth into the hands of the few.
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"Wealth is the most uncomfortable form of vulgarity." Jorge Luis Borges
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all the 99 vs 1% messaging is based on the notion that class is based on wealth, when it’s actually based on the relations of property
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Money and ownership are positive things for people and society.
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