The essential point is that cooperating is superior to competing. The individual aspect of socialist ownership Socialist ownership benefits the individual in two ways. These are control of one's owns labor and an entitlement to an equal share of the final product - shared prosperity. Control of your own labor Under socialism we no longer have to alienate our labor. We no longer hand it over to capitalists in return for the means of physical survival.
Work becomes something that is an end in itself rather than simply a means to earning a living.
It becomes an activity that fully develops and exercises our abilities, and that especially includes our intellectual abilities. Achieving such a transformation of work is essentially about ending the narrow division of labor, accelerating the elimination of routine labor and ending tyranny in the workplace. Eliminating the present division of labor means ensuring that people have a fair share of the more challenging and cerebral tasks and also ensuring that people are not locked too narrowly into any particular field. So this is basically about eliminating the hierarchy of jobs where you have at one end jobs requiring the development and exercising of a lot of ability and at the other end jobs that require the development and exercising of virtually none. At the same time it is also about people not being stuck in a narrow field even if it is high up the task hierarchy.