Fx
Unnecessarily Rude
"social ownership is the common element shared by its various forms."What is actual socialism supposed to look like?
Small outtake from the general ideals. This probably states it best.
Everyone waves an amount of their earnings for the good of the population. Because everyone does this, the government can spend this money on things such as, but not limited to, healthcare systems, public space (think libraries, schools, parks etc), roads, you probably get the idea.
Because everyone chips in, everyone owns it collectively.
That doesn't mean you can't have those things without socialism, obviously. It's just a different way of approaching it.