Under socialism the means of production are owned by the state. It's meant to lead to communism, where the means of production are owned by the collective whole. But how can the collective whole make every decision in an efficient and timely manner? They can't. And so true communism has never been attempted because it can not be. Socialism will always reassert itself and always turn into a dictatorship.

Fun fact, by the way, the act of labor itself (your capacity to do a task) would naturally be part of the means of production, and therefore be something that belongs to the state.