Socialism is not communism. Co-op ownership and control of goods and services is the definition of socialism.
But Co-op ownership is not uniquely a socialist ideal It’s a common way for people to start up grass roots community development. This is especially the case with today’s social media. Business are getting their customers involved, sharing and exchanging ideas, goods and services.
AS an example our local community centre uses co-ops and partnerships with local business and people. They are able to create ventures like a community garden and repair cafes run by locals and supported by local business where everyone shares a skill, knowledge, or resource.
In today’s economic climate there is a mixture of ideas and none or specifically socialist or capitalist. There is basically a freedom be enterprising and creative with certain limits such as government regulations which would happen in any system.
But I think pure socialism does have a risk of a small group becoming powerful and dictating terms. As Margret Thatcher said socialism uses other people’s money and sooner or later you run out of other people’s money.
So where do you get the money from without private enterprise generating that wealth. Without that revenue source the government would become restrictive in what people can do and have to ensure the system doesn’t collapse due to lack of capital.
It’s not communism but there is a degree of control of people and resources because the government needs to ensure enough money is there for basic needs. As populations grow the need becomes greater but the revenue source doesn’t. So the temptation is there to be more controlling in other ways to generate savings.
I think the records show that socialist systems run out of money and collapse. Unless a degree of capitalism is included there is no way for money to be generated or for proper management. History shows that government owned and run utilities and other operations that supplied jobs and benefits for people end up becoming a massive cost liability. That’s why they were privatised.