> the elimination of a capitalist class which does not work and hoards and accumulates wealth that's being created by others
"Collective ownership" doesn't solve this problem; it makes it worse.
The only way to solve it is for everybody to own the wealth they create, and then trade. In other words, free markets. "Capitalism" might not be the right name for such a system, but that's because that word has come to mean centralized control of capital, rather than free markets.
"Collective ownership" doesn't solve this problem; it makes it worse.
The only way to solve it is for everybody to own the wealth they create, and then trade. In other words, free markets. "Capitalism" might not be the right name for such a system, but that's because that word has come to mean centralized control of capital, rather than free markets.