Karl Marx asserted that collective control of the economy by the people is:

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Karl Marx believed in historical materialism, the idea that history progresses through a class struggle between those who own the means of production (the bourgeoisie) and those who work for them (the proletariat). In this struggle, the proletariat will eventually overthrow the bourgeoisie and establish a socialist system in which the means of production are collectively controlled by the people. Marx believed that this was historically inevitable, as capitalism contains inherent contradictions that will lead to its downfall and the rise of socialism.

Karl Marx Asserted That Collective Control of the Economy by the People