A economic system where People control enterprises. Every worker owns one share of his company, therefore nobody has more than one share, and the power is so desentralized that nobody could ever go corrupt. Like now but without that power-mongering owner.
Given a bad name, because it was used a long time ago under the control of dictator. But what dumbshits fail to realize is that world was coming out of Monarchy. People were used to being oppresesd, and there was mass starvation and chaos that the people were so tired of it they were willing to beleave in any Man who claimed he could bring stabiliy. Some men like this were Hitler, Lennin Stalin. At that time culture was designed for Monarchy, or dictatorship.
And also Karl Marx said that back then it woulden't have worked any way, It move from Democracy, to Socialism to Communism. So now people have a mentality to handle this system. A system without central power controlling. Then we can move to communism