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This is how ownership of material stuff, all of which fall under the term "means of production," translates into control over you and your life. It's capitalism. Capitalism is defined by the private ownership of the means of production, which all but negates its second pillar; the free markets. Markets can't be free because capitalism's first component translates into control. This is so simple to understand that it baffles me, really, it truly astounds me that anarcho-capitalists and capitalist libertarians even exist. Capitalism's first commandment, the accumulation of private wealth, is the same as the accumulation of private control. And still people are surprised when they realize that yes, a few hands full of people rule the world. With this simple explanation comes a simple answer: the means of production can not be in private hands, but need to be in the hands of the workers. That's socialism, or, put differently, that's democratization of the economy.

Dear my comrade @zyx066, I surprise your excellent conculsion! 😲
However, East Asians like me find it difficult to differentiate between European socialism and Chinese communism.

Assuming that European socialism is the democratization of the economy as you assert, how can communism in China be defined?
What do you think is the difference between communism in China and socialism in Europe?

https://peakd.com/china/@patriamreminisci/china-s-booming-slave-trade-part-1-sex-trafficking-and-why-china-s-barbaric-history-shows-it-s-not-going-away

Ruling the world has always been the case. There are just different variations of it.