This is called communism. It is a failed system, as many nations on this planet tried it, and the vast majority have abandoned it, as it produced misery and poverty.
Marxism is an ideology that advocates for a classless society where the means of production are collectively owned by the workers. It does not necessarily mean that everything is owned by the state, but rather that the economy is controlled by the working class for the benefit of all.
sold everything they owned
Phararos
it was owned by India
Dahlan Iskan is the State Minister for State-Owned Enterprises for Indonesia.
Any company that is owned by individuals and not by the state. For example: -Coca Cola -McDonald's -Nikes -IKEA and some state companies are: -General Motors -Japan Airlines Jesse
A Kibbutz.
The Pharaoh owned everything
Name a state owned company promoting exports
The STATE. TVNZ is state owned.
The land was originally owned by Spain.
Tony Ryall is the Minister for State-Owned Enterprises for New Zealand.