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I’ve debated people at length on this topic and have concluded that this is a half-baked idea that is impossible to implement without destroying society in any form that has been presented to date.

You can’t call an idea with 200 years of history and hundreds of books on the subject “half-baked” without explaining what about it you think is unfeasible. Either you have never actually talked to a socialist, or you’ve simply never listened.

So, a few questions:

1. Why is it “half-baked”?
   • What ideas does it propose?
   • What is wrong with those ideas?
2. How is it “impossible to implement”?
   • What methods are proposed?
   • What prevents those methods from working?

The factory has owners. It would be unfair to not compensate them for their capital investment. You are describing a situation where you disallow private enterprise, but all systems describing this type of agreement to date have resulted in terrible outcomes. It will destroy competition. I am reminded of hearing about my brother’s visit to the Soviet Union when he was younger. He went with his group to an ice cream shop and asked what flavors they have and they said vanilla. As in, this limits options and provides a shitty quality of life. It also leads to issues where people who are able to provide a high value to society are not rewarded at a higher rate than a lazy or dumb person. The incentive is gone. These are issues that no text has reconciled. Even Plato’s dreamed Utopia, he knew that such a thing only would work if you brainwashed people generationally to value the idea of communal ownership. He basically left it at the leaders not being able to own things, but having all that they need while other classes under them could still own things. In essence, his utopian society was totally unrealistic in any meaningful timeline and still formed different classes of people.

It destroys society to take away people’s possessions because we built a system where property ownership is a central component. Having possessions is such a basic human construct that your are living in a pipe dream if you feel that you can remove that. The idea that people would share with one another and not get what they are worth to society is salient in describing why socialism as a whole crumbles. You can have socialized policies, but destroying the whole economic system doesn’t work. See my reply later in this thread for examples of real incremental changes.

Let’s start with your first assumption. Why must a factory have individual owners? Why not instead have it owned by the workers who are the ones actually producing?

Also, don’t conflate private and personal property. If you are indeed talking about private property, it is very unlikely you have any to begin with. The vast majority of private property is owned by a few billionaires.

Lastly, people do not need money to incentivise work. Boredom, creativity and the desire to help and or contribute to society does that well enough. Given a stable level of comfort, people will seek work that matters to them.

Because the workers didn’t find the money to buy a whole factor…

Even if we ignore the artificially increased transaction costs and hold out problems associated with private ownership that make acquiring means of production more expensive, this point only justifies some sort of compensation from the workers as part of the negative fruits of their labor in production. It does not justify the capitalist appropriating 100% of the positive (legal right to produced outputs) and negative (legal liability for the used-up inputs) fruits of the workers' joint labor

The workers get money for their labor…