No, i dont agree with Perwaiz Sahab. In physics I do not believe in Newton theories but of Current Ein Stein and Hawkins, and they wil also be corrected later.
All past aalims are subject to making mistakes due to their available sources at that time.
Human brains are not ultimate, just temperary. We can not think of things, geigraphy, politics, science approximately about ten to twenty years ahead.
All properties are personal, Original islamic leaders never encouraged socialism or state ownership. Ricj and poor were always there. Human progress rots in state ownership, no one works, industries decay rsults in joblessness.
Lenin's socialism failed miserably in Russis, Failing in China and converted into capitalism, Bhutto's industry nationalization in Pakistan, all failed. State ownership in quran is not mentioned, otherwise trade, zakat, helping poors and taxes are all void.
I dont know why you are even thinking about state owned society, Is iran or Saudi Arabia or any islamic country ever thinking about that failed system.
I suspect you are throwing rocks into pool to make waves and enjoy.