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Phone X Say hello to the future. Make the beautiful game even more beautiful. Jump to navigation Jump to search “State property” redirects here. Not to be confused with Public good. A plaque marking state property in Riga, Latvia.
In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company’s shares. In Soviet-type economies, state property was the dominant form of industry as property. The state held a monopoly on land and natural resources, and enterprises operated under the legal framework of a nominally planned economy, and thus according to different criteria than enterprises in market and mixed economies. Nationalization process of transferring private or municipal assets to a central government or state entity.
Municipalization is the process of transferring private or state assets to a municipal government. A state-owned enterprise is a commercial enterprise owned by a government entity in a capitalist market or mixed economy. State capitalist economies are capitalist market economies that have high degrees of government-owned businesses. Public ownership of the means of production is a subset of social ownership, which is the defining characteristic of a socialist economy. In the context of socialism, public ownership implies that the surplus product generated by publicly owned assets accrues to all of society in the form of a social dividend, as opposed to a distinct class of private capital owners.
State ownership is advocated as a form of social ownership for practical concerns, with the state being seen as the obvious candidate for owning and operating the means of production. Proponents assume that the state, as the representative of the public interest, would manage resources and production for the benefit of the public. State ownership was recognized by Friedrich Engels in Socialism: Utopian and Scientific as, by itself, not doing away with capitalism, including the process of capital accumulation and structure of wage labor. Engels argued that state ownership of commercial industry would represent the final stage of capitalism, consisting of ownership and management of large-scale production and manufacture by the state. A plaque marking state property in Jūrmala. When ownership of a resource is vested in the state, or any branch of the state such as a local authority, individual use “rights” are based on the state’s management policies, though these rights are not property rights as they are not transmissible.