Has there ever been an economic system in which all citizens owned equal stock of corporations?

Question

I am not talking about a system in which the government owns corporations and distributes the earning equally, I am talking about the people themselves, all privately owning equal amounts of stock of corporations (legally unable to trade the stock however, because it would result in unequal ownership of stock).

To Rik V: I did not mention "ownership of everything", I was talking about ownership of stock. There was no stock market back in the days of the pilgrams so it could not have been a "complete failure". You are confusing two completey different things. Owning stock is not at all the same as doing labor. Your analogy might make sense if we were idiscussing what would happen is a town decided to pay all workers the same price for unequal types of work, not about the stock market. Sorry, try again.

Answer 1

no.

Answer 2

I believe the nearest thing to what your asking would be how the Pilgrims set up their community when the first arrived in the new world.

All had equal stock or ownership in the land and everything that was grown or reaped from it. The stores and everything they held were equally owned. Nobody had more than another.

This experiment was a complete failure and they soon found that the hard workers quit working when they received no more than those who didn't carry they're own weight. Once the land was divided up among the people of the community and were given the right to do with their harvest as they decided, not the community, they prospered.

Answer 3

Communism, in theory, is the closest thing. In reality, there is no such thing, and nothing comes close.