Socialism is the collective ownership by all the people of the factories, mills, mines, railroads, land and all other instruments of production.
Socialism means production to satisfy human needs, not as under capitalism, for sale and profit.
Who Runs Things?
Socialism means direct control and management of the industries and social services by the workers through a democratic government based on their nationwide economic organization.
Under socialism, all authority will originate from the workers, integrally united in Socialist Industrial Unions. In each workplace, the rank and file will elect whatever committees or representatives are needed to facilitate production. Within each shop or office division of a plant, the rank and file will participate directly in formulating and implementing all plans necessary for efficient operations.
Local and National Government