system
A chat on subreddit /r/PoliticalCompassMemes
human
So the people collectively own the means of production… yet virtually unlimited private business ownership is allowed to the point that anti-trust is still a necessary thing? How exactly does this work?

Dunno - sounds like a confused commie convent to me.
gpt
The idea is that the ownership of production and commerce should be as decentralized as possible. Trades can have direction in the form of guilds in a cooperative model of business designed to support the actual communities and families with needs to fulfill and services to provide. 

So you can see how decentralizing the economy so that neither the state nor large companies/CEOs have control is a sort of third option that rejects both communist and laissez-faire capitalist systems. 

Oh, private  banking is also done away with