QUESTION:
What do you call of the basic political arrangement based on land ownership?
ANSWER:
SOCIALISM
- Socialism means all of us collectively owning the industries, natural resources etc. When this happens, the socialist society will also own all goods and services being provided by workers.
- A society that already collectively owns all goods and services is one where money is no longer needed, as you don't have to buy what's already yours. People will work, produce what's required by society, and everyone will have free access to what they need.
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