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Ownership society is a slogan for a model of society promoted by former United States president George W. Bush. It takes as lead values personal responsibility , economic liberty , and the owning of property .
Ownership is the basis for many other concepts that form the foundations of ancient and modern societies such as money, trade, debt, bankruptcy, the criminality of theft, and private vs. public property. Ownership is the key building block in the development of the capitalist socio-economic system. [1]
Common ownership in a hypothetical communist society is often distinguished from primitive communism, in that communist common ownership is the outcome of social and technological developments leading to the elimination of material scarcity in society.
Public ownership by an entity or network of entities representing society, which may be national or municipal in scope. [37] Cooperative ownership, with the members of each individual enterprise being co-owners of their organization. [38] Common ownership, with open access for everyone in society, and where assets are indivisibly held in common.
Additionally, if the idea that ownership of productive property determines one's political influence is pursued to its logical conclusion, a truly equal society would mandate policies that extend beyond those redistributive mechanisms outlined by Rawls to allow a fully equal distribution of property throughout society.
This exploitative arrangement is perpetuated due to the structure of capitalist society. Capitalism is regarded as a class system akin to historical class systems like slavery and feudalism. [21] Private ownership has also been criticized on non-Marxist ethical grounds by advocates of market socialism.
Collective ownership of the means of production is the defining characteristic of socialism, [4] where "collective ownership" can refer to society-wide ownership or to cooperative ownership by an organization's members. When contrasted with public ownership, "collective ownership" commonly refers to group ownership (such as a producer ...
[8] [better source needed] Social ownership may refer to forms of public, collective or cooperative ownership, or to citizen ownership of equity [9] in which surplus value goes to the working class and hence society as a whole. [10]