Democracy is just another name for tyranny of the majority.
Everyone by definition owns the means of production - their own labour. What they decide to do with it is their own business.
Nobody will invest in production only for his employees to later come and claim it, which is exactly the point of socialism - a utopian fantasy to brainwash useful idiots into destroying private businesses which are the main driver of prosperity.
An ideology for creating poverty and dependence. Also a weapon of the globalists against the west.