The ideology that seeks the collective ownership of means of production is socialism. This political and economic philosophy advocates for the public or collective ownership of resources and industries, aiming to reduce income inequality and ensure that wealth is distributed fairly among the population. Socialists argue that the means of production should benefit society as a whole rather than private individuals or corporations. Variations of socialism exist, ranging from democratic socialism, which emphasizes political democracy alongside social ownership, to more authoritarian forms that seek to implement socialism through state control.