Volkseigentum

Volkseigentum is a German term referring to property owned collectively by the public or the state, rather than by private individuals or companies. It typically includes things like public infrastructure, parks, government buildings, and utilities. The idea is that these assets are managed for the benefit of everyone in society, ensuring their availability and maintenance for public use. Volkseigentum emphasizes communal ownership and responsibility, aligning with principles of social welfare and collective decision-making. It contrasts with private property, which is owned and controlled by individuals or corporations for personal or commercial purposes.