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this post was submitted on 20 Aug 2023
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What matters is the ability the allocate resources according to the needs of us all and that people have confidence in future resources to be happy. Private ownership is contrary to the first; it helps with the second. That is any "capitalism" must be limited to pertonal needs.
Who decides what constitutes a "need"? Will this proposed society be based purely on subsistence?
You and those whose needs would cause their needs to go unmet.
"Congratulations comrade, this week you get a new toaster!"
"...my shoes are falling off my feet..."
"We do not have shoes, comrade! This week we made toasters!"
Ok, let me try to make this simpler and more direct, since abstraction clearly isn't your strong suit. The problem is with this:
In practice, this becomes a committee sitting in a room somewhere deciding what & how much the society needs, and then how to go about producing it. The problem with this is that it can only ever be reactive and not proactive (a need must be recognized before it can be addressed, therefore the need must exist first in order to be recognized). Having a government make all production decisions will never be flexible or fast enough to actually sustain a society.