Collective ownership

Definition and stakes

Portrait of H. G. Wells H. G. Wells New worlds for old: A plain account of modern socialism

But now the reader unaccustomed to Socialist discussion will begin to see the crude form of the answer to the question raised by the previous chapter; he will see the resources from which the enlargement of human life we there contemplated is to be derived, and realize the economic methods to be pursued. Collective ownership is the necessary corollary of collective responsibility.
Source: Gutenberg

John Palmer Gavit Americans by Choice

In that hour when the grouping of privately owned wealth, in the hands and under the control of combined owners as partners or in the form of corporations, was made necessary by the increasing intricacy and expensiveness of machinery and the application thereto of steam power—the institution, in short, of the factory system—Socialism—the theory of the collective ownership of the means of production—became the inevitable reaction in the minds of persons and classes dissatisfied with the workings of the process.
Source: Gutenberg

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