I’d like to point out the viability of cooperatives to accomplish this. A co-op is defined by the seven Rochdale Principles. Among those is open and voluntary membership, democratic member control, cooperation among cooperatives, and concern for community.
Its a stateless form of socialism that gives workers ownership to the means of production and doesnt have to necessarily negate private ownership. They can simply be incentivized by the state similar to how tax breaks and subsidies currently work or by providing workers the framework for which to purchase a company in the case of failure (like after the 2008 financial crash - when competition, greed, and capitalism failed).